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91_SB0349ham001
LRB9101743SMdvam08
1 AMENDMENT TO SENATE BILL 349
2 AMENDMENT NO. . Amend Senate Bill 349 on page 2, by
3 deleting lines 2 through 16; and
4 on page 2, lines 18 and 19, by deleting "or receives
5 telephone calls from"; and
6 on page 2, line 21, by deleting "or receives"; and
7 on page 5, immediately below line 30, by inserting the
8 following:
9 "(21) A person, partnership, association, corporation,
10 or any other entity licensed under the Residential Mortgage
11 License Act of 1987."; and
12 on page 11, line 3, after the period, by inserting the
13 following:
14 "For offers of consumer credit products subject to the
15 federal Truth in Lending Act, 15 U.S.C. 1601 et seq., and
16 Regulation Z, 12 C.F.R. Part 226, compliance with the
17 disclosure requirements under the Truth in Lending Act and
18 Regulation Z shall constitute compliance with this
19 subdivision (b)(1)."; and
20 on page 13, by replacing lines 25 through 28 with the
21 following:
-2- LRB9101743SMdvam08
1 "(1) Telephone calls in which the sale of goods or
2 services is not completed and payment, payment information,
3 and authorization of payment are not obtained until:
4 (A) there has been a face-to-face presentation by
5 the seller; or
6 (B) there is a written contract signed by the
7 consumer."; and
8 by replacing line 33 on page 13 and lines 1 through 23 on
9 page 14 with the following:
10 "(4) Telephone calls made by a collection agency"; and
11 on page 14, by deleting lines 26 through 29; and
12 by replacing lines 21 through 31 on page 18 and lines 1
13 through 21 on page 19 with the following:
14 "Section 70. Telemarketing Fraud Enforcement Fund.
15 There"; and
16 on page 19, line 30, by replacing "80" with "75"; and
17 on page 20, line 2, by replacing "85" with "80".