ASSEMBLY ACTION Initial and Date |SENATE ACTION Initial and Date
Adopted Lost | Adopted Lost
Concurred In Not |Concurred In Not
Receded Not | Receded Not
Amend section 1, pages 1 and 2, by deleting lines 8 through 10 on page 1 and lines 1 through 3 on page 2, and inserting:
“2. No claim may be filed more than 3 years after the commission of the act on which the claim is based. Upon receipt of a claim, the Director shall notify the person who brought the claim that a bond is in effect or that a deposit has been made, and the amount of either.
3. If the Director desires to make payment without awaiting court action, the amount of the bond or deposit must be reduced to the extent of any payment that the Director in good faith makes from the deposit or directs the surety to make from the bond. Any payment must be based on written claims received by the Director before the court action.
4. The Director may bring an action for interpleader against all claimants under the bond or deposit. If an action for interpleader is commenced, the Director must serve each known claimant and publish notice of the action at least once each week for 2 weeks in a newspaper of general circulation in the county where the dealer, distributor, manufacturer, rebuilder, representative or salesman has his principal place of business. The Director is entitled to deduct his costs of the action, including attorney’s fees and publication, from the deposit or direct the surety to pay such costs from the bond.
5. Claims, other than claims filed by consumers, must not be paid from the bond or deposit until 3 years after the commission of the act on which the claim was based.”.
Amend section 1, page 2, line 4, by deleting “3.” and inserting “6.”.
Amend section 1, page 2, line 12, by deleting “4.” and inserting “7.”.
Amend section 1, page 2, line 20, by deleting “5.” and inserting “8.”.
Amend section 1, page 2, line 25, by deleting “6.” and inserting “9.”.
Amend section 1, page 2, line 30, by deleting “7.” and inserting “10.”.