75th OREGON LEGISLATIVE ASSEMBLY--2009 Regular Session
 
SA to A-Eng. HB 2188
 
LC 786/HB 2188-A5
 
                      SENATE AMENDMENTS TO
                   A-ENGROSSED HOUSE BILL 2188
 
     By COMMITTEE ON CONSUMER PROTECTION AND PUBLIC AFFAIRS
 
                             June 1
 
  On page 1 of the printed A-engrossed bill, line 2, after '
transactions' insert a period and delete the rest of the line.
  On page 2, delete lines 18 through 22 and insert 'shall verify
the income and assets of the borrower that will be relied on to
evaluate the borrower's repayment ability. The borrower's
repayment ability must be evaluated and the borrower's income and
assets must be verified in a manner that is consistent with the
requirements of 12 C.F.R. 226.34, as promulgated on the effective
date of this 2009 Act.'.
  In line 35, delete 'a' and insert 'the' and before the period
insert 'that was used to communicate the advertisement or make
the solicitation'.
  On page 3, delete lines 7 through 45 and delete page 4 and
insert:
  '  { +  SECTION 4. + }  { + Sections 2 and 3 of this 2009 Act
apply to transactions that occur on or after the effective date
of this 2009 Act. + } ' .
                         ----------