Amendment AA1-AB582

LRBa2679/1

ARG:jld:jm

2011 - 2012 LEGISLATURE

ASSEMBLY AMENDMENT 1, TO 2011 ASSEMBLY BILL 582

March 6, 2012 - Offered by Representatives Kramer, Petryk, Kerkman, Suder and Danou.

AB582-AA1,1,1 At the locations indicated, amend the bill as follows:

AB582-AA1,1,3 1. Page 4, line 22: delete "Notice required. A" and substitute "Notice. (a) Except as provided in par. (b), a".

AB582-AA1,1,4 2. Page 5, line 2: after that line insert:

AB582-AA1,1,9 "(b) A rental-purchase company that generates less than 75 percent of its total revenues in this state from transactions involving rental-purchase agreements may elect not to file notice with the department under par. (a) and, upon informing the department of this election in a manner prescribed by the department, shall not be governed by the provisions of this chapter.".

AB582-AA1,1,10 3. Page 6, line 6: after "not" insert "be required to".

AB582-AA1,1,11 (End)