HB5755ham001 99TH GENERAL ASSEMBLY

Rep. Lou Lang

Filed: 3/24/2016

09900HB5755ham001 LRB099 20532 SMS 46575 a

AMENDMENT TO HOUSE BILL 5755

AMENDMENT NO. ______. Amend House Bill 5755 as follows:

on page 5, line 3, by replacing "consumer" with "borrower"; and

on page 5, line 7, by replacing "consumer" with "borrower"; and

on page 5, line 9, by replacing "transaction loan" with "loan transaction"; and

on page 10, by replacing lines 21 through 24 with the following:

"constitute approval of the use of the network designation as a brand or other identifier of the surviving credit union. If the surviving credit union desires to include the network designation in its legal name, make any other change to its legal name, or both, it shall proceed with"; and

on page 11, line 5, by replacing "sale" with "scale"; and

on page 11, by replacing line 8 with the following:

"the network credit union or by other descriptive references that ensure the members understand they are dealing with one credit union rather than multiple credit unions. Each divisional credit union shall".