HB 1005-4_ Filed 01/15/2004, 10:38 Reske
Adopted 1/15/2004


Text Box


    PREVAILED      Roll Call No. _______
    FAILED        Ayes _______
    WITHDRAWN        Noes _______
    RULED OUT OF ORDER


[

HOUSE MOTION ____

]

MR. SPEAKER:

    I move that House Bill 1005 be amended to read as follows:

SOURCE: Page 1, line 7; (04)MO100503.1. -->     Page 1, line 7, delete "and".
    Page 1, delete lines 8 through 12, begin a new line block indented and insert:
        " (2) closing agent" means a person that closes a transaction, other than an individual or an attorney;
        (3) "customer" means an individual who obtains a loan in a transaction; and
        (4) "transaction" means a single family residential:
            (A) first lien purchase money mortgage transaction; or
            (B) refinancing transaction.
".
    Page 1, line 13, delete "residential real property financing or" and insert " transaction".
    Page 1, line 14, delete "refinancing".
    Page 1, line 14, delete "financial institution" and insert " closing agent".
    Page 1, line 17, delete "financial" and insert " closing agents".
    Page 2, line 1, delete "institutions".
    Page 2, line 2, delete "financial institutions," and insert " closing agents,".
    Page 2, line 21, delete "financial institution:" and insert " closing agent:".
    Page 2, line 22, delete "and".
    Page 2, line 24, delete "finance." and insert " finance; and
        (3) is not responsible for the content of the form referred to in subsection (c), and shall be held harmless by the department of local government finance from any liability for the content of the form.
".
    Page 2, line 25, delete "financial institution" and insert " closing agent".
    Page 2, line 27, delete "residential real property financing or refinancing".
    Page 2, line 29, delete "financial institution" and insert " closing agent".
    Page 2, line 29, delete "fifty" and insert " twenty-five".
    Page 2, line 30, delete "($50)" and insert " ($25)".
    Page 2, line 30, delete "financial institution" and insert " closing agent".
    Page 2, line 34, delete "financial institution" and insert " closing agent".
    Page 2, line 39, delete "financial institution" and insert " closing agent".
    Page 2, line 40, delete "financial institution" and insert " closing agent".
    Page 4, delete lines 29 through 32, begin a new line block indented and insert:
        " subdivision must identify:
            (A) the amount of the taxpayer's liability distributable to each taxing unit in which the property is located in the current year and in the previous year; and
            (B) the percentage change, if any, in the amount of the taxpayer's liability distributable to each taxing unit in which the property is located from the previous year to the current year.
".
    Page 5, delete lines 13 through 14, begin a new paragraph and insert:
    " (g) A county that incurs:
        (1) initial computer programming costs directly related to implementation of the requirements of subsection (e); or
        (2) printing costs directly related to mailing information under subsection (e);
".
    (Reference is to HB 1005 as printed January 13, 2004.)

________________________________________

Representative Reske


MO100503/DI 52     2004