City of Oakland - File #: 07-1388-2

• File #: 07-1388-2
• Version: 1
• Type: City Resolution
• Status: Passed
• File created: 5/28/2008
• In control: Meeting of the Oakland City Council
• Final action: 6/17/2008
• Title: 3) A Resolution To Support Assembly Bill 2359 (Jones) To Prohibit Mortgage Lending Terms That Require Borrowers Of High-Cost, Subprime And Nontraditional Loans To Waive Their Legal Rights, Remedies, Obligations Or Procedures, And To Provide For Assignee Liability For Affirmative Claims Or Defences That A Borrower Could Have Asserted Against The Original Lender Of A High-Cost Loan;
• Sponsors: Community & Economic Development Agency

Date	Ver.	Action By	Action	Result
6/17/2008	1	Concurrent Meeting of the Oakland Redevelopment Agency / City Council	Adopted	Pass
6/12/2008	1	*Rules & Legislation Committee	Approved as Amended the Recommendation of Staff, and Forward	Pass

Title

3) A Resolution To Support Assembly Bill 2359 (Jones) To Prohibit Mortgage Lending Terms That Require Borrowers Of High-Cost, Subprime And Nontraditional Loans To Waive Their Legal Rights, Remedies, Obligations Or Procedures, And To Provide For Assignee Liability For Affirmative Claims Or Defences That A Borrower Could Have Asserted Against The Original Lender Of A High-Cost Loan;