Rep. Jay Hoffman

Filed: 3/28/2017

 

 


 

 


 
10000HB2702ham002LRB100 10664 SMS 24445 a

1
AMENDMENT TO HOUSE BILL 2702

2    AMENDMENT NO. ______. Amend House Bill 2702, AS AMENDED,
3with reference to page and line numbers of House Amendment No.
41, on page 1, line 5, by replacing "Sections" with "Section";
5and
 
6on page 12, immediately below line 3, by inserting the
7following:
 
8    "(d) Notwithstanding any provision of this Act to the
9contrary, an independent escrowee that issues a closing
10protection letter pursuant to this Section shall, in addition
11to the deposits required by Section 4 of this Act, file with
12and have approved by the Secretary proof of a fidelity bond in
13the minimum amount of $2,000,000."; and
 
14on page 12, line 3, by replacing "(d)" with "(e)".