Be it enacted by the Senate and House of Representatives
in General Court assembled, and by the authority of the same,
SECTION 1. Section 114B of chapter 140 of the General Laws, as appearing in the 1994 Official Edition, is hereby amended by striking out the fourth paragraph.
SECTION 2. Section 20 of chapter 140D of the General Laws, as so appearing, is hereby amended by striking out, in lines 18 to 22, inclusive, the words "; and provided, further, that the finance charge applicable to said balance for any cycle may not be computed on any new sale reflected for the first time in the account during the cycle on any extension of credit made pursuant to chapter two hundred and fifty-five D".
SECTION 3. Section 27 of chapter 255D of the General Laws, as so appearing, is hereby amended by striking out, in line 59, the words "excluding purchases".