City of Racine - File #: 07-0967

• File #: 07-0967
• Version: A
• Name: Bankruptcy Policy of March 21, 2002
• Type: Application
• Status: Passed
• File created: 7/20/2007
• In control: Loan Board of Review
• On agenda: 7/26/2007
• Final action: 7/26/2007
• Title: Subject: Bankruptcy Policy Review Bankruptcy - Homeowner Fixed and Deferred Interest Loan Programs "No applicant for the homeowner fixed or deferred interest loan program who has declared bankruptcy within the past five years shall be considered." adopted March 21, 2002 Recommendation of the Loan Board of Review on 7-26-2007: to change the policy from five years to three years. Revised policy to read "No applicant for the homeowner fixed or deferred interest loan program who has declared bankruptcy within the past three years shall be considered."

Date	Ver.	Action By	Action	Result
7/26/2007	A	Loan Board of Review	Approved	Pass

Title

Subject: Bankruptcy Policy Review

Bankruptcy - Homeowner Fixed and Deferred Interest Loan Programs

"No applicant for the homeowner fixed or deferred interest loan program who has declared bankruptcy within the past five years shall be considered."  adopted March 21, 2002

Recommendation of the Loan Board of Review on 7-26-2007: to change the policy from five years to three years. Revised policy to read "No applicant for the homeowner fixed or deferred interest loan program who has declared bankruptcy within the past three years shall be considered."