Amend SB 314, on third reading, by adding the following
appropriately numbered SECTION of the bill and renumbering SECTIONS
appropriately:
      SECTION ____. Subchapter A, Chapter 4, Business & Commerce
Code, is amended by adding Section 4.112 to read as follows:
      Sec. 4.112.  PAYMENT OF CHECK AT PAR. (a)  Except as
otherwise provided by Chapter 3 or this chapter, a payor bank shall
pay a check drawn on it against an account with a sufficient
balance at par without regard to whether the payee holds an account
at the bank.
      (b)  This section does not prohibit a bank from requiring
commercially reasonable verification of the payee's identity before
settlement of the check.
      (c)  In addition to any remedy provided by law, the banking
commissioner of Texas, in coordination with the Finance Commission
of Texas, shall ensure that payor banks comply with the
requirements of this section.