SB 1464, Sen 2nd Rdg, Amnd #F1

Amend SB 1464 (senate committee printing) in SECTION 1 of the bill as follows:

(1) Strike the heading to added Section 348.415, Finance Code (page 1, lines 26 and 27), and substitute the following:

Sec. 348.415. RESTRICTIONS ON MOTOR VEHICLE PURCHASES FUNDED OR FINANCED USING PROSPECTIVE BUYER'S OWN MONEY OR THIRD-PARTY FINANCING PROHIBITED.

(2) In added Section 348.415(a), Finance Code (page 1, line 28), strike "cash" and substitute "sale".

(3) In added Section 348.415(a), Finance Code (page 1, line 28), between "a" and "buyer", insert "prospective".

(4) In added Section 348.415(a)(1), Finance Code (page 1, line 30), between "the" and "buyer's", insert "prospective".

(5) In added Section 348.415(a)(2), Finance Code (page 1, line 31), between "lender" and the underlined period, insert "who is neither the retail seller nor affiliated with the retail seller".

(6) In added Section 348.415(b), Finance Code (page 1, line 33), strike "cash" and substitute "sale".

(7) In added Section 348.415(b)(2), Finance Code (page 1, line 35), between "lender" and the underlined period, insert "who is neither the retail seller nor affiliated with the retail seller".