5449-S.E AMH FII OSBO 2

ESSB 5449 - H COMM AMD ADOPTED 4/11/01

By Committee on Financial Institutions & Insurance

     On page 11, line 26, after the word "batching" insert ",recording"

     On page 12, line 2, after "instruments;" strike "or"

     On page 12, line 4, after "or similar proceeding" insert ";or (v) the oral contact is made for the purpose of investigating , confirming, or authenticating the information received from the debtor, to provide additional information to the debtor, or to request additional information from the debtor needed by the licensee to accurately record the debtor=s information in the licensee=s records"

     On page 17, line 22, after the word "batching" insert ",recording"

     On page 17, line 37, after "instruments;" strike "or"

     On page 17, line 39, after "or similar proceeding" insert ";or (v) the oral contact is made for the purpose of investigating , confirming, or authenticating the information received from the debtor, to provide additional information to the debtor, or to request additional information from the debtor needed by the licensee to accurately record the debtor=s information in the licensee=s records"

EFFECT: Adds provision allowing limited contact between collection agency and identity theft victim under certain circumstances. Clarifies section describing collection agency procedures with respect to debtor accounts.