City of Oakland - File #: 07-1388-4

• File #: 07-1388-4
• Version: 1
• Type: City Resolution
• Status: In Council
• File created: 5/28/2008
• In control: Meeting of the Oakland City Council
• Final action: 11/6/2014
• Title: 5) A Resolution To Support Assembly Bill 2880 (Wolk) To Clarify That Mortgage Brokers Operate As Fiduciaries For Borrowers, Require Certain Standards For And Prohibit Certain Practices By Mortgage Brokers, And Prohibit Compensation Of Mortgage Brokers For Steering Borrowers Into Overly Costly Loans; And
• Sponsors: Community & Economic Development Agency

Date	Ver.	Action By	Action	Result
6/12/2008	1	*Rules & Legislation Committee	Approved the Recommendation of Staff, and Forward	Pass

Title

5) A Resolution To Support Assembly Bill 2880 (Wolk) To Clarify That Mortgage Brokers Operate As Fiduciaries For Borrowers, Require Certain Standards For And Prohibit Certain Practices By Mortgage Brokers, And Prohibit Compensation Of Mortgage Brokers For Steering Borrowers Into Overly Costly Loans; And