Amendment AA1-AB111

LRBa0343/1

PJD:wlj:kjf

2001 - 2002 LEGISLATURE

ASSEMBLY AMENDMENT 1, TO 2001 ASSEMBLY BILL 111

March 15, 2001 - Offered by Representative Richards.

AB111-AA1,1,1 At the locations indicated, amend the bill as follows:

AB111-AA1,1,5 1. Page 47, line 21: after "inference." insert "If more than one obligation is secured in a consumer-goods transaction, the payments must be applied to the obligations secured by purchase-money security interests in the order in which those obligations were incurred.".

AB111-AA1,1,6 2. Page 47, line 22: delete "(5) to" and substitute "(6) and".

AB111-AA1,1,8 3. Page 153, line 11: after "(1)" insert "Section 409.103 (8), which deals with application rules in consumer-goods transactions.

AB111-AA1,1,9 (1m)".

AB111-AA1,1,10 (End)