| 1 | Representative Jenne offered the following: |
| 2 |
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| 3 | Amendment |
| 4 | Remove line(s) 33-37 and insert: |
| 5 | (d) The releasing mortgagee, grantor, and grantee are |
| 6 | dealing with each other at arm's length. For purposes of this |
| 7 | subsection, the fact that the parties are related or controlled |
| 8 | by one another is not, alone, sufficient evidence that the |
| 9 | parties are not dealing with each other at arm's length. |
| 10 | Section 2. The Department of Revenue may adopt rules |
| 11 | establishing criteria that indicate when the parties to a short |
| 12 | sale are not dealing with each other at arm's length. |