HB 1557-2_ Filed 04/29/2007, 18:44 ChairPerson
Adopted 4/29/2007



COMMITTEE REPORT

    Mr. Speaker: Pursuant to Joint Rule 20, your Committee on Rules and Legislative Procedures, to which was referred Engrossed House Bill 1557 because it conflicts with HEA 1281-2007, SEA 524-2007, and SEA 559-2007 without properly recognizing the existence of HEA 1281-2007, SEA 524-2007, and SEA 559-2007, has had Engrossed House Bill 1557 under consideration and begs leave to report back to the House with the recommendation that Engrossed House Bill 1557 be corrected as follows:


    Page 5, line 16, delete "P.L.184-2005," and insert "HEA 1281-2007, SECTION 1,".
    Page 5, line 17, delete "SECTION 2,".
    Page 5, line 21, after "However," insert "IC 5-22-5-9 and".
    Page 5, line 21, delete "applies" and insert "apply".
    Page 7, between lines 34 and 35, begin a new line double block indented and insert:
            " (iii) The industrial loan and investment company         provides written consent allowing the department to         inspect or examine all out of state locations in which an         affiliate or a subsidiary of the industrial loan and         investment company engages in the activities identified         under clause (i), for the purpose of investigating the         affiliate's or subsidiary's consumer lending practices         involving Indiana residents. An inspection or         examination performed by the department under this         clause is subject to the schedule of fees established by the         department under IC 28-11-3-5. ".
    Page 64, line 14, delete "P.L.235-2005," and insert "SEA 524-2007, SECTION 38,".
    Page 64, line 15, delete "SECTION 204,".
    Page 64, line 24, delete "(17),".


    Page 64, line 24, reset in roman "(16),".
    Page 65, line 26, delete "health and educational facility".
    Page 65, line 27, delete "under IC 20-12-63;" and insert ";".
    (Reference is to EHB 1557 as reprinted March 30, 2007.)


______________________________________

Representative Pelath, Chairperson

______________________________________

Representative Whetstone, R.M.M.

______________________________________

Representative Burton, Author


JR 155701/DI 38
2007