STATEMENT TO

[Second Reprint]

ASSEMBLY, No. 1829

with Assembly Floor Amendments

(Proposed By Assemblyman BATEMAN)

ADOPTED: OCTOBER 21, 1996

      These amendments require a 30 day notice prior to the effective date of any change in a revolving credit agreement; remove the language permitting a bank to qualify an account as a "Consumer Checking Account by establishing an account in agreement with the federal "lifeline account" standards; and correct a reference to a section in the bill.