Bill 000715-A
Controlled by Committee on Public Health and Human Services

Description

Enacting a new Chapter 9-2400 of The Philadelphia Code, entitled "Prohibition Against Predatory Lending," and amending Section 19-201 entitled "City Depositories," Section 19-2602 entitled "Licenses" and Section 22-1001 entitled "Investments," to prohibit all business entities and their affiliates from making, issuing or arranging any subprime or high-cost loan, or assisting others in doing so, in any manner which has been determined to be abusive, unscrupulous and misleading, providing penalties for non-compliance, establishing a Predatory Lending Review Committee to investigate alleged predatory loans and to make enforcement recommendations against business entities who have made, assisted with, issued or arranged a loan determined to be predatory, and granting remedies to aggrieved parties and community organizations; all under certain terms and conditions.

Read the full Bill: CertifiedCopy000715-A02.pdf

Actions

Nov. 16, 2000: Referred to the Committee on Public Health and Human Services by CITY COUNCIL
Introduced by CITY COUNCIL
Dec. 11, 2000: AMENDED by Committee on Public Health and Human Services
HEARING NOTICES SENT by Committee on Public Health and Human Services
REPORTED FAVORABLY, RULE SUSPENSION REQUESTED by Committee on Public Health and Human Services
Dec. 14, 2000: SUSPEND THE RULES OF THE COUNCIL by CITY COUNCIL
ORDERED PLACED ON NEXT WEEK`S SECOND READING CALENDAR by CITY COUNCIL
ORDERED PLACED ON THIS DAY`S FIRST READING CALENDAR by CITY COUNCIL
March 29, 2001: READ by CITY COUNCIL
ORDERED PLACED ON FINAL PASSAGE CALENDAR FOR NEXT MEETING. by CITY COUNCIL
AMENDED by CITY COUNCIL
April 5, 2001: PASSED by CITY COUNCIL
READ by CITY COUNCIL
April 19, 2001: NO ACTION TAKEN by MAYOR