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Amend CSSB 1247 (Senate committee printing) as follows:
(1) In the recital to SECTION 6 of the bill (page 4, line 19), strike "Section 393.308" and substitute "Sections 393.308 and 393.309".
(2) In SECTION 6 of the bill, immediately following added Section 393.308, Finance Code (page 4, between lines 42 and 43), insert the following:
Sec. 393.309. RESTRICTION ON AMOUNT CHARGED IN CONNECTION WITH EXTENSION OF CONSUMER CREDIT. Total charges in connection with an extension of consumer credit that a credit services organization obtains for a consumer or assists the consumer in obtaining, including interest, lender charges, and any valuable consideration received by the credit services organization, may not exceed the permissible interest and fee and other charges for a similar type of consumer loan under Subchapter F, Chapter 342.
(3) In SECTION 7 of the bill, in amended Section 393.602(b), Finance Code (page 4, line 51), strike "(b) A" and substitute "(b) Subject to Section 393.309, a [A]".