RES 2014-1471 - Legislative package closes loophole in banking law C-25A CITY OF OMAHA
LEGISLATIVE CHAMBER
Omaha,Nebraska
RESOLVED BY THE CITY COUNCIL OF THE CITY OF OMAHA:
WHEREAS, on January 7, 2015, the One-Hundred and Fourth Legislature of the
State of Nebraska, First Session, will convene; and,
WHEREAS, it is in the best interests of the City of Omaha and its residents that a
legislative package be prepared for submission to the State Legislature; and,
WHEREAS, it is the purpose of this resolution to approve a specific proposal for
inclusion in that package; and,
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF OMAHA:
THAT, at the request of Councilmembers Garry Gernandt, Ben Gray and Franklin
Thompson, the legislative package of the City of Omaha for the First Session of the One-
Hundred and Fourth Legislature of the State of Nebraska shall include a proposal to close a
loophole in banking law whereby a lender would be required to record their name on registered
deeds when foreclosure is perfected on a property.
APP ED AS TO FORM:
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ASSISTANT CITY ATTORNEY DATE
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By
Couticilmember
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City Clerk
Approved
Mayor
NO. ,/re/ci''I
Resolution by
Res. that, at the request of Councilmembers
Garry Gernandt, Ben Gray and Franklin
Thompson. the legislative package of the
City of Omaha for the First Session of the
One-Hundred and Fourth Legislature of the
State of Nebraska shall include a proposal to
close a loophole in banking law whereby a
lender would be required to record their
name on registered deeds when foreclosure
is perfected on a property.
p:\law—city council documents\2014\50045slw.doc
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Presented to City Council
NOV 18 2014
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