26-C DCMR 2717

2717. MEDIATION REPORT

Last amended: 2014Length: 413 wordsOfficial source

Cite as D.C. Mun. Regs. tit. 26-C, ยง 2717

2717 MEDIATION REPORT 2717.1 Within ten (10) days after the completion of mediation, the Mediator shall file a Mediation Report with the Mediation Administrator and deliver a copy to the mediation parties. 2717.2 The Mediation Report required by this section shall contain all of the following items: (a) The date(s) on which the mediation was held, including the starting and finishing dates and times; (b) The names and addresses of all persons attending, including their role in the mediation and, specifically, identifying the representative of each party who had decision-making authority, if applicable; (c) A summary of any substitute arrangement made regarding attendance at the mediation; (d) All calculations and other foreclosure avoidance tool calculations performed prior to or during the mediation and all information required in Section 2714; (e) The results of the mediation, stating whether full or partial settlement was reached and appending any agreement of the parties; (f) A statement as to whether a mediation party or a representative of a mediation party failed to: (1) Attend the mediation; (2) Make a good faith effort to mediate; or (3) Supply documentation, information, or data as required by Section 2714; and (g) If a settlement is not reached, a summary of the discussions of the mediation parties during the mediation. 2717.3 Unless a settlement agreement is executed between the mediation parties, within ten (10) business days after receiving the Mediation Report and after reviewing and considering a Mediation Report the Mediation Administrator shall: Schedule the matter with another Mediator for one (1) additional mediation session if there is a reasonable likelihood the mediation parties will be able to reach a settlement agreement, or issue a Preliminary Mediation Certificate if the lender participated in the mediation in good faith; Assess any applicable penalty against the lender pursuant to the Act or this chapter, and issue a Preliminary Determination of Bad Faith if the lender did not participate in the mediation in good faith; or Cancel the mediation and issue a Preliminary Mediation Certificate if the borrower(s) did not participate in the mediation in good faith. SOURCE: Emergency and Proposed Rulemaking published at 58 DCR 2958 (April 8, 2011)[EXPIRED]; as amended by Emergency and Proposed Rulemaking published at 58 DCR 8247 (September 23, 2011)[EXPIRED]; as amended by Final Rulemaking published at 58 DCR 11469 (December 30, 2011); as amended by Final Rulemaking published at 61 DCR 6390 (June 27, 2014). District of Columbia Municipal Regulations Banking and Financial Institutions 26-C DCMR ยง 2717
26-C DCMR 2717: 2717. MEDIATION REPORT | Justis AI