Amendment AA1-SB530

LRBa2181/1

MDK:jld:ph

2009 - 2010 LEGISLATURE

ASSEMBLY AMENDMENT 1, TO 2009 SENATE BILL 530

April 15, 2010 - Offered by Representatives Kessler, Richards, Berceau, Pope-Roberts, Soletski, Hixson, Mason, Vruwink, Milroy, Hilgenberg, A. Williams, Grigsby, Pasch, Sinicki, Benedict and Toles.

SB530-AA1,1,2 At the locations indicated, amend the bill, as shown by senate substitute amendment 1, as follows:

SB530-AA1,1,3 1. Page 19, line 20: delete lines 20 to 22 and substitute:

SB530-AA1,1,6 "(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-AA1,1,7 2. Page 21, line 20: delete lines 20 to 24.

SB530-AA1,1,8 3. Page 23, line 6: delete "(a) 2." and substitute "(a)".

SB530-AA1,1,9 (End)