Propose a change

Title 40 Trade and Commerce

Write the words of this act the way you think they should read. Solon shows your change as a redline against the published text and pins it to that exact text, so it can never be applied to wording you did not see.

Change 1

What to do with it
As published

40-14-304. Definition of "consumer loan"; interests in land.

(a) Except with respect to a loan primarily secured by an interest in land, "consumer loan" is a loan made by a person regularly engaged in the business of making loans in which: (i) The debtor is a person other than an organization; (ii) The debt is incurred primarily for a personal, family or household purpose; (iii) Either the debt is payable in installments or a loan finance charge is made; and (iv) The principal does not exceed seventy-five thousand dollars ($75,000.00). (b) Repealed by Laws 1981, ch. 147, § 2. (c) "Loan primarily secured by an interest in land" means a loan made for the purpose of purchasing or acquiring ownership of land and appurtenances, including structures affixed to the land, and which is secured by a first mortgage lien. A loan primarily secured by an interest in land is not a consumer loan, except that W.S. 40-14-320, 40-14-323, 40-14-354 and 40-14-520 through 40-14-524 shall apply to loans primarily secured by an interest in land.

Your change, as a redline

40-14-304. Definition of "consumer loan"; interests in land.

(a) Except with respect to a loan primarily secured by an interest in land, "consumer loan" is a loan made by a person regularly engaged in the business of making loans in which: (i) The debtor is a person other than an organization; (ii) The debt is incurred primarily for a personal, family or household purpose; (iii) Either the debt is payable in installments or a loan finance charge is made; and (iv) The principal does not exceed seventy-five thousand dollars ($75,000.00). (b) Repealed by Laws 1981, ch. 147, § 2. (c) "Loan primarily secured by an interest in land" means a loan made for the purpose of purchasing or acquiring ownership of land and appurtenances, including structures affixed to the land, and which is secured by a first mortgage lien. A loan primarily secured by an interest in land is not a consumer loan, except that W.S. 40-14-320, 40-14-323, 40-14-354 and 40-14-520 through 40-14-524 shall apply to loans primarily secured by an interest in land.

One line that says what changes, such as "Halve the dog tax".

Who it helps, what it costs, what it fixes. It is what persuades people to support it.

A proposal here is not law. Support on Solon is evidence that people want the change; the official route says what it takes to make it law.

Sign in to file your proposal. What you have written stays on this page.

Sign in to file it