March 4, 1999

Mr. President:

Your JUDICIARY COMMITTEE, to whom has been referred

has had it under consideration and reports same with recommendation that it DO PASS, amended as follows:

1. On page 1, line 20, after "rate" insert ", as that term is defined in the federal Truth in Lending Act,".

2. On page 1, line 20, strike "plus a" and insert in lieu thereof "not including an additional".

3. On page 2, between lines 22 and 23, insert the following:

"D. Prior to extending credit on a vehicle, proof of financial responsibility on the vehicle shall be provided to the lender."

4. Reletter the succeeding subsection accordingly.

Respectfully submitted,

__________________________________

Michael S. Sanchez, Chairman

Adopted_______________________ Not Adopted_______________________

(Chief Clerk) (Chief Clerk)

Date ________________________

The roll call vote was 4 For 3 Against

Yes: 4

No: Davis, Payne, Stockard

Excused: Sanchez

Absent: None

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