JOINT CONFERENCE COMMITTEE REPORT

We, the conferees, appointed by the respective bodies to consider and report upon the disagreeing vote on Senate Bill No. 772, report as follows:

We recommend that the House Amendment in the Nature of a Substitute (13105007D) be accepted with the following amendment thereto to resolve the matters under disagreement:

1. Line 240, after each

strike

such sale

insert

foreclosure of a lien under subsection C and not to exceed $125 on each foreclosure of a purchase money deed of trust taken back by the developer

Respectfully submitted,

Senator Frank W. Wagner

Senator Bryce E. Reeves

Senator J. Chapman Petersen

Conferees on the part of the Senate

Delegate John A. Cosgrove

Delegate Gordon C. Helsel, Jr.

Delegate David L. Bulova

Conferees on the part of the House