District of Columbia Servicing Agreement
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FAQ
Sole proprietors and general partnerships don't need to file business formation paperwork. (They will, however, need a DC business license.) If you're starting an LLC or corporation, you'll need to file paperwork with the DLCP. This step officially makes your business a separate legal entity.
(15) ?Doing business? means any activity of a partnership, corporation, or financial institution that enjoys the benefits and protection of the government and laws of the District.
A Washington DC DBA is any name used to identify a business other than its legal business name. In Washington DC, DBAs are referred to as trade names, and you're legally required to register any trade name you use with the district.
A home occupation is a business, profession or other economic activity conducted full- or part-time in the principal residence of the person conducting the business. This permit is required for operating a business from your home.
Servicing Contract means, with respect to any Person, the arrangement, whether or not in writing, under which that Person has the right to service Mortgage Loans.
District law defines a "business" as: ?Any trade, profession, or activity which provides, or holds itself out to provide, goods or services to the general public or to any portion of the general public, for hire or compensation in the District of Columbia.?
App. 2006) (?The elements of a breach of contract claim are: (1) the existence of a valid contract; (2) the plaintiff's performance or tendered performance; (3) the defendant's breach of the contract; and (4) damages as a result of the breach.?) Hussong v.
