08 AM 29
0726
ADOPTED
Senator Smith of the 52nd offered the following amendment:
Senator Smith of the 52nd offered the following amendment:
Amend
the House Committee on Judiciary substitute to SB 355 (LC 29 3202S) by inserting
after the word
"date"
on line 6 of page 1 "and
applicability".
By
striking lines 24 through 26 of page 2 and inserting in lieu thereof the
following:
lender
shall, prior to the disbursement of the settlement proceeds and no later than
the expiration of the rescission period required under the federal Truth in
Lending Act (15 U.S.C. Section 1601, et seq.), deliver loan funds to the
settlement agent in one or more of the forms set
By
striking lines 29 and 30 of page 2 and inserting in lieu thereof the
following:
This Act shall become effective on July 1, 2008, and shall apply to all loans closed on or after July 1, 2008.
This Act shall become effective on July 1, 2008, and shall apply to all loans closed on or after July 1, 2008.