February 12, 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 12, strike "LEGAL" and after "SERVICES" insert "PROVIDED BY LICENSED PROFESSIONALS; CHANGING EXEMPTION PROVISION".

2. On page 5, line 6, strike "legal" and after "services" insert "provided by licensed professionals".

3. On page 5, between lines 13 and 14, insert the following section:

"Section 2. Section 57-12-7 NMSA 1978 (being Laws 1967, Chapter 268, Section 6) is amended to read:

"57-12-7. EXEMPTIONS.--Nothing in the Unfair Practices Act shall apply to actions or transactions expressly permitted under laws administered by a regulatory body of New Mexico or the United States, but all actions or transactions forbidden by the regulatory body, and about which the regulatory body remains silent, are subject to the Unfair Practices Act."".

Respectfully submitted,

__________________________________

Michael S. Sanchez, Chairman

Adopted_______________________ Not Adopted_______________________

(Chief Clerk) (Chief Clerk)

Date ________________________

The roll call vote was 3 For 2 Against

Yes: 3

No: Aragon, Sanchez

Excused: Davis, Lopez, Tsosie

Absent: None

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