Amendment SA2-SSA1-SB530

LRBa2113/1

MDK:jld:md

2009 - 2010 LEGISLATURE

SENATE AMENDMENT 2, TO SENATE SUBSTITUTE AMENDMENT 1, TO 2009 SENATE BILL 530

April 13, 2010 - Offered by Senator Carpenter.

SB530-SSA1-SA2,1,1 At the locations indicated, amend the substitute amendment as follows:

SB530-SSA1-SA2,1,2 1. Page 19, line 20: delete lines 20 to 22 and substitute:

SB530-SSA1-SA2,1,5 "(10) Interest, penalties, and fees. (a) Interest. 1. Except as provided in subd. 2., no licensee may charge interest at a rate exceeding 36 percent per year on a payday loan.".

SB530-SSA1-SA2,1,6 2. Page 21, line 20: delete lines 20 to 24.

SB530-SSA1-SA2,1,7 3. Page 23, line 6: delete "(a) 2." and substitute "(a)".

SB530-SSA1-SA2,1,8 (End)