Amend SB 707 as follows: 1. On page 8, line 22, between the period and "On", insert "(a)". 2. On page 9, line 1, strike "Not" and substitute "Except as otherwise provided in subsection (b), not". 3. On page 9, between lines 7 and 8, insert the following: "(b) If not later than the 28th day after the date the creditor receives the refund, the creditor distributes the refund of the unearned premiums by an adjustment to a credit transaction of the debtor that is made effective not later than the 14th day after the date the creditor receives the refund, the creditor shall be in compliance with this section."