Amend CSSB 317 in Section 341.001(9), Finance Code, as
amended by SECTION 8 of the bill (Committee printing, page 3, line
62), by striking "(9)" and substituting:
(9) "Loan" has the meaning assigned by Section 301.002
and includes a sale-leaseback transaction and a deferred
presentment transaction.
(10) "Sale-leaseback transaction" means a transaction
in which a person sells personal property used primarily for
personal, family, or household use and the buyer of the property
agrees to lease the property back to the seller. In a
sale-leaseback transaction:
(A) the buyer is a creditor and the seller is an
obligor;
(B) an agreement to defer payment of a debt and
an obligation to pay the debt are established; and
(C) any amount received by the buyer in excess
of the price paid for the property by the buyer is interest subject
to this subtitle.
(11)