Amendment SA1-AB665

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2003 - 2004 LEGISLATURE

SENATE AMENDMENT 1, TO 2003 ASSEMBLY BILL 665

March 11, 2004 - Offered by Senator Robson.

AB665-SA1,1,2 At the locations indicated, amend the bill, as shown by assembly substitute amendment 1, as follows:

AB665-SA1,1,4 1. Page 4, line 12: delete lines 12 and 13, as affected by assembly amendment 1, and substitute:

AB665-SA1,1,8 "(6m) Maximum fees and interest for payday loans. Notwithstanding ss. 138.09 and 422.201 (9), no payday loan provider may charge, contract for, or receive fees and interest for a payday loan in an aggregate amount that exceeds 5% of the amount of the payday loan.

AB665-SA1,1,10 (6p) Minimum term for payday loans. No payday loan provider may make a payday loan with a term of less than 30 days.".

AB665-SA1,1,11 (End)