Code of the District of Columbia

§ 42–1102.01. Sales or assignments of instruments on secondary market exempt from tax.

A sale or assignment of a note, mortgage, deed of trust, or other instrument from one lender to another, on the secondary market, where there are no changes in the terms or conditions provided in the instrument and the borrower has taken no action to refinance, shall be exempt from the tax imposed by this chapter.


(Mar. 2, 1962, 76 Stat. 11, Pub. L. 87-408, title III, § 302a; as added June 14, 1994, D.C. Law 10-128, § 101(c), 41 DCR 2096.)

Prior Codifications

1981 Ed., § 45-922.1.

Editor's Notes

Application of Law 10-128: See Historical and Statutory Notes following § 42-1101.