City of Philadelphia - Meeting of Committee on Public Health and Human Services on 12/11/2000 at 11:00 AM

000715-A

Tue, 11 Mar 2025 20:16:02 GMT

File #: 000715-A
Ver.: 0
Agenda #:
Type: Bill
Title: 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.
Action: HEARING NOTICES SENT
Result:

000715-A

Tue, 11 Mar 2025 20:16:10 GMT

000715-A

Tue, 11 Mar 2025 20:16:10 GMT

File #: 000715-A
Ver.: 1
Agenda #:
Type: Bill
Title: 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.
Action: REPORTED FAVORABLY, RULE SUSPENSION REQUESTED
Result: