Amendment SA1-SB870

LRBa1305/1

MED:amn&wlj

2023 - 2024 LEGISLATURE

SENATE AMENDMENT 1, TO SENATE BILL 870

February 20, 2024 - Offered by Senator Jagler.

SB870-SA1,1,1 At the locations indicated, amend the bill as follows:

SB870-SA1,1,3 1. Page 3, line 1: delete the material beginning with that line and ending with page 4, line 11.

SB870-SA1,1,5 2. Page 4, line 14: delete the material beginning with that line and ending with line 23 and substitute:

SB870-SA1,1,9 “452.14 (2) (b) The board shall notify a firm in writing as to all disciplinary orders issued against a licensee associated with the firm. The notice shall be sent to the firm at the email address of the individual broker acting as a sole proprietor or the email address for the licensed business entity.”.

SB870-SA1,1,10 3. Page 5, line 1: delete lines 1 to 8 and substitute:

SB870-SA1,1,11 “ Section 8m. 452.14 (4m) (a) of the statutes is amended to read:

SB870-SA1,1,13 452.14 (4m) (a) Assess against a licensee a forfeiture of not more than $1,000 $5,000 for each violation enumerated under sub. (3).”.

SB870-SA1,2,1 4. Page 6, line 9: delete lines 9 to 20.

SB870-SA1,2,3 5. Page 7, line 6: after “inaccurate" insert “, unless the licensee knew the information was inaccurate at the time the licensee provided the information".

SB870-SA1,2,4 (End)