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CITY OF PLEASANTON RESOLUTION NO. 81-325 <br /> <br />Resolution Adopting Rules and Regulations <br />Establishing Eligibility Criteria <br />for Lending Institutions <br /> <br /> ~EREAS, by Ordinance No. 999, introduced on <br /> <br />Sept. 22 , 1981, the City of Pleasanton (the "City") <br />established a home mortgage finance program (the "Program") <br />pursuant to the Act; and <br /> <br /> WHEREAS, the Act requires the City to adopt <br />regulations establishing criteria for qualification of <br />lending institutions eligible to originate and service home <br />mortgages under any program adopted pursuant to the Act; <br /> <br /> NOW, THEREFORE, BE IT RESOLVED, by the'Council of <br />the City of Pleasanton, as follows: <br /> <br /> 1. Rules and regulations establishing eligibility <br />criteria for lending institutions (hereinafter called the <br />"Rules and Regulations"), in substantially the form submitted <br />to this meeting, are hereby approved and adopted. <br /> <br /> 2. The Council hereby finds and declares that <br />these Rules and Regulations shall serve the purpose of <br />enabling qualified lending ~nstitutions to participate in the <br />Program on an equitable basis. <br /> <br /> <br />