Text: S03188 Text: S03190 Text: S03100 - S03199 Text: S Index Bills and Amendments: General Index Bill History: General Index
PAG LIN
1 1 Amend the amendment, S-3179, to Senate File 405 as
1 2 follows:
1 3 #1. Page 4, by inserting after line 3 the
1 4 following:
1 5 "Sec. . NEW SECTION. 527A.2 LIMITATION ON
1 6 ACTIONS AGAINST PERSONS FOR ELECTRONIC FAILURE
1 7 ASSOCIATED WITH A YEAR 2000 PROBLEM.
1 8 1. A person who transacts business in this state
1 9 on matters directly or indirectly affecting real or
1 10 personal property, whether tangible or intangible,
1 11 mortgages, credit accounts, banking and financial
1 12 transactions, or property interests in this state
1 13 shall not initiate or cause to be initiated a
1 14 foreclosure proceeding, default, or other adverse
1 15 action against another person due to a failure of
1 16 payment or performance caused by a year 2000 problem.
1 17 2. A person shall not initiate or cause to be
1 18 initiated an adverse enforcement action, whether based
1 19 on contract or otherwise, against another person who
1 20 is unable to cause payment, or to act or forbear, or
1 21 to cause other financial transactions to occur in a
1 22 timely manner due to a year 2000 problem.
1 23 3. The prohibitions in subsections 1 and 2 apply
1 24 to transactions relating to and including, but not
1 25 limited to, mortgages, contracts, landlord and tenant
1 26 relations, consumer credit obligations, utilities, and
1 27 banking.
1 28 4. An enforcement action otherwise prohibited
1 29 under subsection 1 or 2, may be commenced at any time
1 30 after sixty days following the date the payment was
1 31 due or the act or omission was required to be
1 32 performed.
1 33 5. This section does not affect transactions upon
1 34 which a default occurred before any disruption of
1 35 financial or data transfer operations attributable to
1 36 a year 2000 problem.
1 37 6. This section does not eliminate, but only
1 38 suspends, the ability to enforce obligations to which
1 39 this section applies.
1 40 7. A person shall not report to a credit reporting
1 41 agency operating in this state negative credit
1 42 information resulting from a failure of payment or
1 43 performance due to a year 2000 problem."
1 44 #2. By renumbering as necessary.
1 45
1 46
1 47
1 48 MICHAEL E. GRONSTAL
1 49 SF 405.1
1 50 mj/cc/26
Text: S03188 Text: S03190 Text: S03100 - S03199 Text: S Index Bills and Amendments: General Index Bill History: General Index
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