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Amend CSSB 1247 in SECTION 14 of the bill, by striking added Section 393.630(c), Finance Code (Senate committee printing, page 7, lines 28 through 38), and substituting the following:
(c) A credit access business shall in good faith verify that a consumer is not falsifying the certification required by Subsection (b), to the best knowledge and ability of the person acting on behalf of the credit access business for that transaction. A person acting on behalf of a credit access business has satisfied this requirement if the person considers all information that the consumer shares with the person in negotiating the transaction and if the person makes a reasonable effort to verify the consumer's representations with any records that the credit access business typically consults in the normal course of its business.
VAN DE PUTTE
DAVIS
LUCIO
WATSON
WEST