South Carolina House Bill 3242 (Prior Session Legislation)

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Spectrum: Slight Partisan Bill (Democrat 2-1)
Status: Introduced on January 8 2019 - 25% progression, died in committee
Action: 2019-01-24 - Member(s) request name added as sponsor: Cogswell
Pending: House Labor, Commerce and Industry Committee
Text: Latest bill text (Introduced) [HTML]

Amend The Code Of Laws Of South Carolina, 1976, By Adding Section 37-3-414 So As To Establish Certain Requirements For Short-term Vehicle-secured Loans; By Adding Section 39-5-45 So As To Provide That It Is An Unfair Trade Practice For A Supervised Lender To Make A Short-term Vehicle-secured Loan; To Amend Section 37-3-413, Relating To Short-term Vehicle-secured Loans, So As To Provide The Maximum Interest Rates A Lender May Charge On A Short-term Vehicle-secured Loan; And To Amend Section 37-3-501, Relating To The Definitions, So As To Include "short-term Vehicle-secured Loan" In The Definition Of "supervised Loan".

Short-term vehicle-secured loans

Rep. Ivory Thigpen [D]

Rep. Gilda Cobb-Hunter [D]

Rep. William Cogswell [R]

Date	Chamber	Action
2019-01-24	House	Member(s) request name added as sponsor: Cogswell
2019-01-08	House	Referred to Committee on Labor, Commerce and Industry
2019-01-08	House	Introduced and read first time
2018-12-18	House	Referred to Committee on Labor, Commerce and Industry
2018-12-18	House	Prefiled

Chapter	Article	Section	Citation Type	Statute Text
37	3	413	(n/a)	See Bill Text
37	3	414	(n/a)	See Bill Text
37	3	501	(n/a)	See Bill Text
39	5	45	(n/a)	See Bill Text

Type	Source
Summary	https://www.scstatehouse.gov/billsearch.php?billnumbers=3242&session=123&summary=B
Text	https://www.scstatehouse.gov/sess123_2019-2020/prever/3242_20181218.htm