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House Journal: Page 1253: Wednesday, April 5, 1995

Amendment H-3747 lost.
Holveck of Polk offered amendment H-3748, previously deferred, 
filed by him and requested division as follows:
H-3748
 1     Amend House File 520 as follows:
H-3748A
 2     1.  Page 6, by inserting after line 7 the
 3   following:
 4     "Sec. ___.  Section 527.8, subsection 1, Code 1995,
 5   is amended to read as follows:
 6     1.  As a condition of exercising the privilege of
 7   utilizing a satellite terminal, a financial
 8   institution is liable to each of its customers for all
 9   losses incurred by the customer as a result of the
10   transmission or recording of electronic impulses as a
11   part of a transaction not authorized by the customer
12   or to which the customer was not a party.  However, if
13   the financial institution has provided the customer
14   with an access device for engaging in a transaction at
15   a satellite terminal which is unique to the customer,
16   and losses are incurred by the customer as a result of
17   the theft, loss or other compromise of that access
18   device, the liability of the financial institution
19   pursuant to this section shall not include the first
20   two hundred fifty dollars of any losses incurred prior
21   to the time the customer notifies the financial
22   institution of the theft, loss or compromise except
23   that the financial institution shall have no liability
24   if the losses are a result of the customer's
25   fraudulent acts or omissions."
H-3748B
26     2.  Page 6, by striking line 8 and inserting the
27   following:
28     "Sec. ___.  Section 527.6, Code 1995, is repealed."
29     3.  By renumbering as necessary.
On motion by Holveck of Polk, amendment H-3748A lost.
The Speaker announced that with the adoption of amendment
H-3747, amendment H-3748B was out of order.
LEAVE OF ABSENCE
Leave of absence was granted as follows:
Mertz of Kossuth, until her return, on request of Schrader of
Marion.
Lamberti of Polk moved that the bill be read a last time now and
placed upon its passage which motion prevailed and the bill was
read a last time.

Iowa General Assembly

Index: House Journal (76th General Assembly: Session 1)

© 1995 Cornell College and League of Women Voters of Iowa

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URL: /DOCS/GA/76GA/Session.1/HJournal/01200/01253.html
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