Amendment ID: S2409-2-R1

Redraft Amendment 2

Retroactive Claims

Mr. Eldridge moves to amend the bill by striking out section 3 and inserting in place thereof the following section:-

"SECTION 3. Section 3 of Chapter 93L shall not apply to a consumer debt for which the cause of action accrued before January 1, 2017; provided, however, that subsection (b) of section 3 of said chapter 93L shall apply to payments made after the effective date of this act. Provided further that subsection (b) of section 6 of chapter 93L shall not apply to a contract, including a consumer form contract that is in effect before January 1, 2017."