SENATE AMENDMENT

    Bill No. CS for SB 1260

    Amendment No. ___   Barcode 345688

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11  Senator King moved the following amendment:

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13         Senate Amendment 

14         On page 20, line 22, through

15            page 21, line 8, delete those lines

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17  and insert:

18         (d)  A one-bank holding company bank may make loans on

19  its own one-bank holding company stock. For capital stock that

20  is listed and traded on a recognized exchange, the stock may

21  not be valued at more than 70 percent of its current market

22  value, and for capital stock that is not listed and traded on

23  a recognized exchange, the stock may not be valued at more

24  than 70 percent of its current book value.

25         (e)(d)  Loans based upon the security of real estate

26  mortgages shall be documented as first liens, except that

27  liens other than first liens may be taken:

28         1.  To protect a loan previously made in good faith;

29         2.  To further secure a loan otherwise amply and

30  entirely secured;

31         3.  As additional security for Federal Housing

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                                                  SENATE AMENDMENT

    Bill No. CS for SB 1260

    Amendment No. ___   Barcode 345688





  1  Administration Title 1 loans or loans made with participation

  2  or guaranty by the Small Business Administration;

  3         4.  To secure a loan not in excess of 15 percent of the

  4  capital accounts of the bank; or

  5         5.  As provided by rules of the department.

  6         (f)(e)  In computing the total liabilities of any

  7  person, there shall be included all loans endorsed or

  8  guaranteed as to repayment by such person and by any related

  9  interest of such person.

10         (g)(f)  All loan documentation shall be written in the

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