Senate Amendment to Senate Bill No. 233 (BDR 8-1124)
Proposed by: Committee on Judiciary
Amendment Box:
Amends: Summary: Title: Preamble: Joint Sponsorship:
ASSEMBLY ACTION
Initial and Date | SENATE ACTION Initial and DateAdopted Lost | Adopted Lost
Concurred In Not | Concurred In Not
Receded Not | Receded Not
Amend section 1, page 1, line 12, by deleting "borrower" and inserting "debtor".
Amend section 1, page 1, line 13, by deleting "borrower" and inserting "debtor".
Amend section 1, page 1, line 14, by deleting "borrower" and inserting "debtor".
Amend section 1, page 2, by deleting line 5 and inserting:
"2. A written notice given to a debtor by a creditor pursuant to paragraph (b) of subsection 1 must contain the following statement:
The unpaid balance on your account of $ ..... is now due, and you will not be given a further extension of credit on the account. Beginning today, the unpaid balance on your account will accrue interest at a rate equal to the prime rate plus 2 percent. The prime rate currently in effect is ..... percent. This prime rate may change on January 1 and July 1 of each year, until the balance on your account is paid in full.
3. The provisions of this section do not apply to money owed:".