Amendment AA4-ASA1-AB447

LRBa1572/1

ARG:nwn:jf

2009 - 2010 LEGISLATURE

ASSEMBLY AMENDMENT 4, TO ASSEMBLY SUBSTITUTE AMENDMENT 1, TO 2009 ASSEMBLY BILL 447

February 16, 2010 - Offered by Representative Richards.

AB447-ASA1-AA4,1,1 At the locations indicated, amend the substitute amendment as follows:

AB447-ASA1-AA4,1,2 1. Page 5, line 2: after that line insert:

AB447-ASA1-AA4,1,3 " Section 2m. 138.09 (3) (c) of the statutes is amended to read:

AB447-ASA1-AA4,2,2 138.09 (3) (c) Such license shall not be assignable and shall permit operation under it only at or from the location specified in the license at which location all loans shall be consummated, but this provision shall not prevent the licensee from making loans under this section which are not initiated or consummated by face to face contact away from the licensed location if permitted by the division in writing or by rule or at an auction sale conducted or clerked by a licensee. The division may not issue or renew a license under this section for a location at which the activities of a payday loan provider, as defined in s. 138.14 (1) (h), are conducted if the location is 0.5 miles or less from any public housing project, as defined in s. 961.01 (20g).".

AB447-ASA1-AA4,2,3 (End)