# D.C. Code § 26-1152.03: Restrictions on the financing of single-premium credit insurance

> District of Columbia · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_DC_T26_C11A_S26-1152.03

## Section

- **Citation:** D.C. Code § 26-1152.03
- **Heading:** Restrictions on the financing of single-premium credit insurance
- **Jurisdiction:** District of Columbia
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** DC Code / Title 26 / Chapter 11A / § 26-1152.03

## Text

A lender shall not sell any individual or group credit life, accident, health, or unemployment insurance product on a prepaid single premium basis in conjunction with a covered loan. Credit insurance sold by a lender on a basis other than a prepaid single premium shall be accompanied by a clear and conspicuous disclosure, provided at least 3 days before closing, stating that the credit insurance shall not be a condition to the extension of mortgage credit and that the borrower may elect not to purchase the insurance. Insurance premiums or debt cancellation or suspension fees calculated and paid on a monthly or bi-weekly basis shall not be considered financed by the lender; provided, that the disclosure required by this section shall be provided to the borrower for any insurance, debt cancellation, or suspension services purchased by the borrower.

## Nearby sections

- [D.C. Code § 26-1151.01 § 26-1151.01. Definitions.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T26_C11A_S26-1151.01.md)
- [D.C. Code § 26-1151.02 § 26-1151.02. Federally regulated, supervised, and insured entities and the Federal National Mortgage Association and Federal Home Loan Corporation.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T26_C11A_S26-1151.02.md)
- [D.C. Code § 26-1152.01 § 26-1152.01. Applicability.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T26_C11A_S26-1152.01.md)
- [D.C. Code § 26-1152.02 § 26-1152.02. Insufficient repayment ability.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T26_C11A_S26-1152.02.md)
- [D.C. Code § 26-1152.03 § 26-1152.03. Restrictions on the financing of single-premium credit insurance.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T26_C11A_S26-1152.03.md)
- [D.C. Code § 26-1152.04 § 26-1152.04. Restriction on financing origination/discount points and fees.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T26_C11A_S26-1152.04.md)
- [D.C. Code § 26-1152.05 § 26-1152.05. No encouragement of default.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T26_C11A_S26-1152.05.md)
- [D.C. Code § 26-1152.06 § 26-1152.06. Unfair steering or improper use of credit scores.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T26_C11A_S26-1152.06.md)
- [D.C. Code § 26-1152.07 § 26-1152.07. Failing to report favorable payment record.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T26_C11A_S26-1152.07.md)
- [D.C. Code § 26-1152.08 § 26-1152.08. Home improvement contracts.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T26_C11A_S26-1152.08.md)
- [D.C. Code § 26-1152.09 § 26-1152.09. No increase in interest rate upon default.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T26_C11A_S26-1152.09.md)
- [D.C. Code § 26-1152.10 § 26-1152.10. Charges in bad faith.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T26_C11A_S26-1152.10.md)
- [D.C. Code § 26-1152.11 § 26-1152.11. Failure to timely send disclosure notice.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T26_C11A_S26-1152.11.md)
- [D.C. Code § 26-1152.12 § 26-1152.12. Prepayment premium, fee or charge.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T26_C11A_S26-1152.12.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_DC_T26_C11A_S26-1152.03. Check the current official text before relying on it. Not legal advice.