HB 1350-3_ Filed 02/21/2005, 11:21 Burton


Text Box


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    WITHDRAWN        Noes _______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


[
HOUSE MOTION ____

]

MR. SPEAKER:

    I move that House Bill 1350 be amended to read as follows:

    Page 1, line 3, delete "the" and insert " a title insurance agent or a title insurance underwriter.".
    Page 1, delete line 4.
    Page 1, line 5, delete "transaction.".
    Page 1, line 10, delete "a federally" and insert " or payable through an".
    Page 2, line 1, delete "with a federally" and insert " established by an agent with an".
    Page 2, line 6, after “deposit” insert " and disbursement".
    Page 2, line 6, delete "transferred".
    Page 2, delete line 7.
    Page 2, line 8, delete "instruments that are received by the agent to effect" and insert " for".
    Page 2, line 11, delete ", for the purpose of effecting and".
    Page 2 delete lines 12 through 15.
    Page 2, line 16, delete "thing of value to an agent to be held by the agent" and insert " deposits with an agent funds that are to be held".
    Page 2, line 18, delete ";" and insert " .".
    Page 2, delete lines 19 through 22.
    Page 2, line 23, delete "As used in this section, “negotiable instrument” has the" and insert " Funds received for an escrow transaction must be deposited in an escrow account unless the parties to the escrow transaction agree in writing to another arrangement.".


    Page 2, delete lines 24 through 27.
    Page 2, line 28, delete "(h)" and insert " (g)".
    Page 2, line 28, delete "knowingly".
    Page 2, line 29, delete "on behalf of another person".
    Page 3, line 14, delete "(i)" and insert " (h)".
    (Reference is to HB 1350 as printed February 4, 2005.)


________________________________________

Representative BURTON


RH 135001/DI jc
2005