South Carolina House Bill 4534 (Prior Session Legislation)

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Spectrum: Slight Partisan Bill (Republican 3-1)
Status: Introduced on January 22 2014 - 25% progression, died in committee
Action: 2014-01-22 - Referred to Committee on Judiciary
Pending: House Judiciary Committee
Text: Latest bill text (Introduced) [HTML]

Provide No Cause Of Action For Foreclosure Of A Real Estate Mortgage May Be Commenced If The Alleged Default Was Based Solely On A Failure To Purchase Or Maintain Flood Insurance Covering The Mortgaged Property; To Provide No Cause Of Action Exists For Foreclosing A Real Estate Mortgage When The Alleged Default Was Based Solely On A Failure To Purchase Or Maintain Flood Insurance Covering The Mortgaged Property; To Provide Remaining Provisions In A Mortgage Remain In Full Force And Effect Despite A Failure To Purchase Or Maintain Flood Insurance Covering The Mortgaged Property; And To Provide Compliance With These Provisions Does Not Constitute A Waiver Of Any Other Rights Or Terms Of A Mortgage And Does Not Estop A Mortgagor Or Mortgagee From Asserting Those Other Rights.

Cause of action for foreclosure

Rep. Leonidas Stavrinakis [D]

Rep. Peter McCoy [R]

Rep. Michael Sottile [R]

Rep. James Merrill [R]

Date	Chamber	Action
2014-01-22	House	Referred to Committee on Judiciary
2014-01-22	House	Introduced and read first time

Chapter	Article	Section	Citation Type	Statute Text
29	3	635	(n/a)	See Bill Text

Type	Source
Summary	https://www.scstatehouse.gov/billsearch.php?billnumbers=4534&session=120&summary=B
Text	https://www.scstatehouse.gov/sess120_2013-2014/prever/4534_20140122.htm