SB425 HJUD AMT 4-7
Delegate Webster moves to amend the bill on page 1, by
striking the title and inserting in lieu thereof a new title, to
read as follows:
"
A BILL to amend and reenact §46A-4-111 of the Code of West
Virginia, 1931, as amended, relating to refinancing or
consolidation of certain loans or consumer credit sales by
regulated consumer lenders; requiring disclosure of a higher
annual percentage rate in any refinancing or consolidation of
a nonrevolving consumer loan or consumer credit sale; and
requiring documentation of a reasonable, net tangible benefit
to the borrower of any refinancing or consolidation of a
nonrevolving consumer loan or consumer credit sale secured by
residential real estate.
"