SB 1247, Sen 2nd Rdg, Amnd #F3

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Amend CSSB 1247 (Senate committee printing) as follows:

(1) In SECTION 14 of the bill, after added Section 393.634(f), Finance Code (page 9, between lines 46 and 47) insert the following:

(g) A credit access business shall accept a partial payment that complies with Section 393.629(c) paid by a consumer or on behalf of a consumer to pay down outstanding principal owed under a single-payment deferred presentment transaction that the credit access business obtained for the consumer or assisted the consumer in obtaining.

(2) In SECTION 14 of the bill, after added Section 393.636(f), Finance Code (page 11, between lines 34 and 35) insert the following:

(g) A credit access business shall accept a partial payment that complies with Section 393.629(c) paid by a consumer or on behalf of a consumer to pay down outstanding principal owed under a single-payment motor vehicle title loan that the credit access business obtained for the consumer or assisted the consumer in obtaining.

DAVIS

LUCIO

VAN DE PUTTE

WATSON

WEST