093_SB0024ham001

 










                                     LRB093 02172 AMC 16314 a

 1                     AMENDMENT TO SENATE BILL 24

 2        AMENDMENT NO.     .  Amend Senate Bill 24 on  page  3  by
 3    replacing line 13 with the following:
 4    "money  and  other  similar  consideration, including but not
 5    limited to checks,  debit  payments,  money  orders,  drafts,
 6    credit payments, and traveler's checks,"; and

 7    on page 3, line 27, by changing "licensee" to "licensee; each
 8    licensee   that   transmits   money   directly   shall   also
 9    conspicuously display a disclosure notice"; and

10    on page 3, line 28, by deleting "all of"; and

11    on page 3, line 30, by changing "The name" to "In the case of
12    an authorized seller only, the name"; and

13    by  deleting  lines 32 and 33 on page 3 and line 1 on page 4;
14    and

15    on page 4, line 2, by replacing "(3)" with "(2)"; and

16    on page 4, line 5, by replacing "(4)" with "(3)"; and

17    on page 4, line 7, after "Department"; by  inserting  "within
18    30 days"; and

19    on  page  5,  line  1, after "instrument" by inserting "other
20    than a stored value card"; and
 
                            -2-      LRB093 02172 AMC 16314 a
 1    on page 5, line 10, after "instrument"  by  inserting  "other
 2    than a stored value card"; and

 3    on  page  6,  line  1,  after  the  period,  by inserting the
 4    following:
 5    "The receipt or a separate disclosure  at  the  time  of  the
 6    money  transmission  shall  also  include  a statement of the
 7    licensee's refund procedures as well as a toll-free telephone
 8    number for customer assistance.  An inadvertent or non-wilful
 9    failure to give a consumer the  disclosure  provided  for  in
10    this  Section shall not constitute a violation of this Act.";
11    and

12    on page 6, by deleting lines 21 through 34; and

13    on page 7 by deleting lines 1 and 2.