Amend SB 272 as follows:
      Delete Section 8 and add the following:
      SECTION 8. Section 302.001, Finance Code, is amended by
adding Subsection (d) to read as follows:
      (d)  In addition to interest authorized by Subsection (b), a
loan providing for a rate of interest that is 10 percent a year or
less may provide for a delinquency charge on the amount of any
payment in default for a period of not less than 10 days in an
amount not to exceed the greater of five percent of the amount of
the payment or $7.50.  The charging of the delinquency charge does
not make the loan subject to Chapter 342 or any other provision of
Subtitle B.
      SECTION 9. Section 342.004, Finance Code, is amended by
adding Subsection (c) to read as follows:
      (c) A loan described by Section 302.001(d) may provide for a
delinquency charge as provided by that section without being
subject to this chapter or any other provision of this subtitle.
      SECTION 10. Section 342.005, Finance Code, is amended to read
as follows:
      Sec. 342.005.  APPLICABILITY OF CHAPTER.  Except as provided
by Sections 302.001(d) and 342.004(c), a <A> loan is subject to
this chapter if the loan:
            (1) provides for interest in excess of 10 percent a
year;
            (2) is extended primarily for personal, family, or
household use;
            (3) is made by a person engaged in the business of
making, arranging, or negotiating those types of loans; and
            (4) either:
                  (A) is not secured by a lien on real property; or
                  (B) is described by Section 342.001(3), 342.301,
or 342.456 and is predominantly payable in monthly installments.
      SECTION 11.  This Act takes effect immediately if it receives
a vote of two-thirds of all the members elected to each house, as
provided by Section 39, Article III, Texas Constitution.  If this
Act does not receive the vote necessary for immediate effect, this
Act takes effect September 1, 2001.