SUBSTITUTE ORDINANCE
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CHICAGO:
SECTION 1. Section 2-32-450 ofthe Municipal Code of Chicago is hereby amended by deleting the language stricken through and by inserting the language underscored, as follows:
2-32-450 Loan policy - Pledge requirements.
With each bid for interest upon city and school funds, the comptroller shall obtain signature by either the chairman of the board, chief executive officer, or an officer acceptable to the city comptroller, of the bidding bank or savings and loan association on the following pledge:
We pledge not to arbitrarily reject mortgage loans for residential properties within a specific geographic area in Chicago because of the location and/or age of the property, or in the case of proposed borrower to arbitrarily vary the terms of those loans or the application procedures for those loans on the basis of race, color, religion, national origin, age, sex, gender identity, marital status, ancestry, sexual orientation, parental status, source of income, disability or military discharge status. In addition, we pledge to make loans available to low- and moderate-income residential property in the neighborhoods of the City of Chicago within the limits of our legal restriction and prudent financial practices.
(Omitted text is unaffected by this ordinance)
SECTION 2. Section 2-32-460 ofthe Municipal Code of Chicago is hereby amended by deleting the language stricken through and by inserting the language underscored, as follows:
2-32-460 Definitions.
Whenever used in this chapter, the terms "race", "color", "sex", "gender identity", "age", "religion", "disability", "national origin", "sexual orientation", "marital status", "parental status", "military discharge status" and "source of income" shall have the same meaning as described ascribed to that term in Chapter 2 160, Section 2-160-020, of this Code or in rules duly promulgated under Chapter 2-160 of this Code.
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SECTION 3. Section ...
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