Amendment AA3-ASA1-AB787

LRBa3648/1

KSH:kmg:kat

1995 - 1996 LEGISLATURE

ASSEMBLY AMENDMENT 3, To ASSEMBLY SUBSTITUTE AMENDMENT 1, To 1995 ASSEMBLY BILL 787

February 28, 1996 - Offered by Committee on Financial Institutions.

AB787-ASA1-AA3,1,1 At the locations indicated, amend the substitute amendment as follows:

AB787-ASA1-AA3,1,2 1. Page 2, line 13: after that line insert:

AB787-ASA1-AA3,1,5 "2m. If the creditor has provided or will provide any consideration to any person in return for referring the customer to the creditor, the agreement under subd. 2. includes, in not less than 10-point boldface type, all of the following disclosures:

AB787-ASA1-AA3,1,7 a. The fact that the creditor has provided or will provide consideration to a person in return for referring the customer to the creditor.

AB787-ASA1-AA3,1,8 b. The person to whom the consideration has been or will be provided.

AB787-ASA1-AA3,1,10 c. The amount and nature of the consideration that has been or will be provided.".

AB787-ASA1-AA3,1,11 (End)