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The Committee on General Government Appropriations (Aronberg)

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recommended the following amendment:

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     Senate Amendment

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     Delete line(s) 2449-2487

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and insert:

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(2)  "Business day" means the hours during a particular day

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during which a deferred presentment provider customarily conducts

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business, not to exceed 15 consecutive hours during that day.

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     (3)  "Days" means calendar days.

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     (4)  "Deferment period" means the number of days a deferred

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presentment provider agrees to defer depositing, or presenting,

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or redeeming a payment instrument.

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     (5) "Deferred presentment provider" means a person who

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engages in a deferred presentment transaction and is registered

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under part II or part III of the code and has filed a declaration

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of intent with the office.

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     (5)(6) "Deferred presentment transaction" means providing

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currency or a payment instrument in exchange for a drawer's

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person's check and agreeing to hold the that person's check for a

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deferment period of time prior to presentment, deposit, or

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redemption.

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     (6)(7) "Drawer" means a customer any person who writes a

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personal check and upon whose account the check is drawn.

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     (7) "Extension of a deferred presentment agreement" means

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continuing a deferred presentment transaction past the deferment

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period by having the drawer pay additional fees and the deferred

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presentment provider continuing to hold the check for another

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deferment period.

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     (8)(8) "Rollover" means the termination or extension of a

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an existing deferred presentment agreement by the payment of an

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any additional fee and the continued holding of the check, or the

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substitution of a new check drawn by the drawer pursuant to a new

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deferred presentment agreement.

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     (9)  "Fee" means the fee authorized for the deferral of the

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presentation of a check pursuant to this part.

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     (10)(10) "Termination of a an existing deferred presentment

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agreement" means that the check that is the basis for the an

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agreement is redeemed by the drawer by payment in full in cash,

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or is deposited and the deferred presentment provider has

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evidence that such check has cleared. A Verification of

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sufficient funds in the drawer's account by the deferred

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presentment provider is shall not be sufficient evidence to deem

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that the existing deferred deposit transaction is to be

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terminated.

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4/7/2008  11:33:00 AM     BI.GA.06814