90                          JOURNAL OF PROCEEDINGS                 [Aug. 22

Amendment No. 4—

In line 22 of Section 13 on page 1 of the first reader after the word
"PROPERTY" insert "OR ANY INTEREST THEREIN".

Which amendment was read and adopted.

Amendment No. 5—

In line 25 of Section 13 on page 1 of the first reader strike the words
"SHALL NOT BE" and insert in lieu thereof "IS NOT".

Amendment No. 6—

In line 4 on page 2 of the first reader strike everything after the word
"EXECUTED" and insert in lieu thereof: "ON OR AFTER THE EFFEC-
TIVE DATE OF THE ACT AND PRIOR TO JUNE 1, 1974; OR WHERE
THERE IS ISSUED A WRITTEN COMMITMENT ACCEPTED BY THE
BORROWER PRIOR TO JUNE 1,1974."

Which amendment was read and adopted.

Amendment No. 7—

In line 5 on page 2 of the first reader strike out the words "SHALL BE"
and insert in lieu thereof the word "IS".

Which amendment was read and adopted.

Amendment No. 8—

Immediately after the word "LOAN." in line 6 on page 2 of the first
reader insert:

"(D) THE LOAN HAS NOT BEEN MADE PRIOR TO THE
EFFECTIVE DATE OF THIS ACT, AND NO WRITTEN COMMIT-
MENT HAS BEEN ISSUED BY THE LENDER PRIOR TO THE
EFFECTIVE DATE OF THIS ACT AGREEING TO MAKE THE
LOAN AT A RATE OF 8% OR LESS. A WRITTEN COMMIT-
MENT, WRITTEN OFFER TO LOAN, OR ANY OTHER WRITTEN
STATEMENT BY A LENDER WHICH CAN BE REASONABLY
CONSTRUED AS AN OFFER TO MAKE A LOAN AT ANY SPE-
CIFIED OR UNSPECIFIED INTEREST RATE IS DEEMED TO
BE A COMMITMENT TO MAKE THE LOAN AT 8%, OR LESS, IF
SPECIFIED; PROVIDED THAT THE WRITTEN COMMITMENT
OR WRITTEN OFFER IS ISSUED PRIOR TO THE EFFECTIVE
DATE OF THIS ACT."

Which amendment was read and adopted.

Amendment No. 9—

In line 7 of Section 2 on page 2 of the first reader after "2." insert the
following:

"AND BE IT FURTHER ENACTED, THAT IF ANY PROVI-
SION OF THIS ACT OR THE APPLICATION THEREOF TO ANY
PERSON OR CIRCUMSTANCE IS HELD INVALID FOR ANY
REASON, THE INVALIDITY SHALL NOT AFFECT THE OTHER
PROVISIONS OR ANY OTHER APPLICATION OF THIS ACT