HB 1229-3_ Filed 02/04/2004, 06:43 Bardon


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    WITHDRAWN        Noes _______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


[

HOUSE MOTION ____

]

MR. SPEAKER:

    I move that House Bill 1229 be amended to read as follows:

SOURCE: Page 14, line 18; (04)MO122911.14. -->     Page 14, line 18, delete "exceed five percent (5%) of the".
    Page 14, line 19, delete "loan principal." and insert " exceed:
            (A) five percent (5%) of the loan principal for a home loan having a loan principal of at least twenty five thousand dollars ($25,000); or
            (B) six percent (6%) of the loan principal for a home loan having a loan principal of less than twenty five thousand dollars ($25,000).
".
    Page 15, between lines 23 and 24, begin a new line block indented and insert:
        " (2) An amount not to exceed seventy five percent (75%) of a point in indirect broker compensation if:
            (A) the loan terms do not include any prepayment penalties; and
            (B) the total indirect broker compensation charged does not exceed seventy five percent (75%) of a point.


         (3) Reasonable fees paid to an affiliate of the creditor.".
    Page 15, line 24, delete "(2)" and insert " (4)".
    (Reference is to HB 1229 as printed January 30, 2004.)

________________________________________

Representative Bardon


MO122911/DI 108     2004