File #: 071441    Version: Name: Urging banks to work with the City to address the affects of subprime lending and calling on the Federal Reserve to take action at the national level to end predatory loan practices
Type: Resolution Status: Passed
Introduced: 10/16/2007 In control: Board of Supervisors
On agenda: 10/23/2007 Final action: 1/14/2008
Enactment date: Enactment #: 4-08
Title: Resolution urging banks to work with the City to address foreclosures and subprime loan practices; calling on the Federal Reserve to prohibit loans at unaffordable rates, end the misuses of stated loans, eliminate prepayment penalties, and designate failure to escrow taxes and insurance in subprime loans as a deceptive practice.
Sponsors: Tom Ammiano
Attachments: 1. Legislation_Ver1, 2. Legislation_Ver2, 3. Legislation_Ver3, 4. Leg_Final
Legislation Details
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