2544-S AMH BENS OSBO 1

SHB 2544 - H AMD TO H AMD (H-4455.2/02) Withdrawn 0260 February 18, 2002

By Representative Benson

     On page 3, line 17, after "(b)" delete the remainder of line 17 and insert "The number of non-consumer initiated credit inquiries. Multiple credit inquiries for a single mortgage or single automobile finance transaction in any thirty day period shall be considered one credit inquiry;"

     On page 3, beginning on line 24, delete all of subsection (5)(e).

     On page 3, beginning on line 26, delete all of subsection (5)(f).

     On page 5, line 10, after "(b)" delete the remainder of line 10 and insert "The number of non-consumer initiated credit inquiries. Multiple credit inquiries for a single mortgage or single automobile finance transaction in any thirty day period shall be considered one credit inquiry;"

     On page 5, beginning on line 17, delete all of subsection (3)(e).

     On page 5, beginning on line 19, delete all of subsection (3)(f).

Renumber the subsections sequentially and correct any internal references accordingly.

EFFECT: Revises the factors in an individual=s credit history that may be considered by an insurer with respect to underwriting or rate setting for personal insurance.