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.)
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MO122911/DI 108 2004