HB 1646-2_ Filed 04/28/2009, 11:27 ChairPerson


COMMITTEE REPORT

    Mr. Speaker: Pursuant to Joint Rule 20, your Committee on Rules and Legislative Procedures, to which was referred Engrossed House Bill 1646 because it conflicts with HEA 1198-2009 without properly recognizing the existence of HEA 1198-2009, has had Engrossed House Bill 1646 under consideration and begs leave to report back to the House with the recommendation that Engrossed House Bill 1646 be corrected as follows:

     Page 1, line 1, delete "P.L.145-2008," and insert "HEA 1198-2009, SECTION 130," .
    Page 1, line 2, delete "SECTION 10,".
    Page 1, line 3, after "Sec. 3." insert " (a) As used in this chapter, "bona fide third party fee" includes fees for the following:
        (1) Credit reports, investigations, and appraisals performed by a person who holds a license or certificate as a real estate appraiser under IC 25-34.1-8.
        (2) If the loan is to be secured by real property, title examinations, an abstract of title, title insurance, a property survey, and similar purposes.
        (3) The services provided by a loan broker in procuring possible business for a lending institution if the fees are paid by the lending institution.".
    Page 1, line 3, delete "(a)", begin a new paragraph and insert:
    "(b)".
    Page 1, line 8, delete "(b)" and insert "(c)".
    Page 1, line 11, delete "(c)" and insert "(d)".
    Page 1, line 13, delete "(d)" and insert "(e)".
    Page 2, line 17, delete "(e)" and insert "(f)".
    Page 2, line 19, delete "(f)" and insert "(g)".
    Page 2, line 35, delete "(g)" and insert "(h) (g)".
    Page 2, line 39, delete "(d)." and insert "(e).".
    Page 3, line 13, delete "(h) (i)" and insert "(i)".
    Page 3, line 17, delete "(i)" and insert "(j)".
    Page 3, line 21, delete "(j)" and insert "(k) (j)".


    Page 3, line 27, delete "(k)" and insert "(l) (k)".
    Page 5, line 31, delete "(l)" and insert "(m)".
    Page 6, line 11, delete "(m)" and insert "(n)".
    Page 6, line 19, delete "(n)" and insert "(o)".
    (Reference is to EHB 1646 as printed March 31, 2009.)

    

______________________________________

Representative GiaQuinta, Chairperson

______________________________________

Representative Foley, R.M.M.

______________________________________

Representative Burton, Author


JR 164601/DI 50
2009