Site Map

Youngstown Passes Legislation to Protect Against Predatory Land Contracts - WFMJ


Youngstown City Council passed legislation that addresses predatory land contracts from out of town property owners Wednesday evening. 

Before Wednesday's council meeting, a large group of people gathered to protest predatory lending lead by the activist group ACTION. 

This legislation was passed as an emergency measure and is designed to stop the exploitation and manipulation of families through land installment contracts.

Members of Youngstown City Council are excited about the prospect of this legislation protecting residents. 

"Predatory lending definitely puts vulnerable resident at risk, so I feel with this legislation that it's putting us in the right direction to help protect them. This definitely offers some sort of foundation for them to be protected from these predatory lenders," said Seventh Ward Councilwoman Basia Adamczak. To read the full story from WFMJ, click here