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House Journal: Page 1570: Thursday, April 13, 1995

IMMEDIATE MESSAGES
Siegrist of Pottawattamie asked and received unanimous consent
that the following bills be immediately messaged to the Senate: 
Senate Files 164, 206 and 229.
Unfinished Business Calendar
The House resumed consideration of Senate File 423, a bill for
an act relating to delayed deposit services businesses and
providing penalties, previously deferred and placed on the
unfinished business calendar.
Metcalf of Polk offered the following amendment H-3709 filed by
her and moved its adoption:
H-3709
 1     Amend Senate File 423, as passed by the Senate, as
 2   follows:
 3     1.  Page 6, by inserting after line 15 the
 4   following:
 5     "   .  The annual percentage rate on the first
 6   hundred dollars on the face amount of the check which
 7   the fee represents, and the annual percentage rate on
 8   subsequent one hundred dollar increments which the fee
 9   represents, if different."
10     2.  Page 6, line 20, by inserting after the word
11   "upon." the following:  "A penalty to be charged
12   pursuant to this section shall only be collected by
13   the licensee once on a check no matter how long the
14   check remains unpaid.  A penalty to be charged
15   pursuant to this section is a licensee's exclusive
16   remedy and if a licensee charges a penalty pursuant to
17   this section no other penalties under this chapter or
18   any other provision apply."
19     3.  Page 9, line 32, by inserting after the word
20   "LICENSE" the following: "-- INJUNCTION".
21     4.  Page 10, line 2, by inserting after the word
22   "misdemeanor." the following:  "In addition to the
23   criminal penalty provided for in this section, the
24   superintendent may also commence an action to enjoin
25   the operation of the business."
26     5.  By relettering as necessary.
Amendment H-3709 was adopted.
Metcalf 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.
On the question "Shall the bill pass?" (423)

Iowa General Assembly

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

© 1995 Cornell College and League of Women Voters of Iowa

Comments? hjourn@legis.iowa.gov.

Last update: Sun Jan 14 21:05:02 CST 1996
URL: /DOCS/GA/76GA/Session.1/HJournal/01500/01570.html
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