HB4360 H B&I AM 2-19

Archibald 3192

    The Committee on Banking and Insurance moves to amend the bill on page 2, subsection (e), line 21, by striking out subsection (e) in its entirety and inserting in lieu thereof a new subsection (e), all to read as follows:

    “(e) “Zombie debt” means a debt:

    (1) On which the statute of limitations has expired;

    (2) Which is no longer owned by the original obligee or successor by merger or acquisition;

    (3) Which has been sold or otherwise transferred by the original obligee to a debt collector as defined in subsection (d) of this section; and

    (4) On which the debtor has made no payment for at least ten years.”;

    On page 4, line 18, subsection (e), after the word “communication;” by striking out the word “and”;

    And

    On page 4, line 20, subsection (f), after the word “article” by striking out the period and inserting in lieu thereof the words “; and”.