SC S0219 | 2015-2016 | 121st General Assembly

Status

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 13 2015 - 25% progression, died in committee
Action: 2015-01-13 - Referred to Committee on Banking and Insurance
Pending: Senate Banking and Insurance Committee
Text: Latest bill text (Introduced) [HTML]

Summary

Relating To Supervised Loans, By Adding Section 37-3-501(1)(c), To Provide That Short-term Vehicle Secured Loans Are Not Supervised Loans; To Amend Chapter 5, Title 39 Of The 1976 Code, Relating To The South Carolina Unfair Trade Practices Act, To Provide That It Is An Unfair Trade Practice For Supervised Lenders To Provide Short-term Vehicle Secured Loans; To Amend Section 37-3-413, Relating To Short-term Vehicle Secured Loans, By Eliminating The Repayment Term From The Definition, By Capping The Loan Interest Rate For Specific Loan Amounts, To Amend Chapter 3, Title 37 Of The 1976 Code, To Provide For A Database To Prevent A Person From Having A Short-term Vehicle Secured Loan That Exceeds A Certain Limit And To Track Loan Transactions In General, And To Provide That All Short-term Vehicle Secured Loans May Only Be Made By A Licensee.

Tracking Information

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Title

Short-term vehicle secured loans

Sponsors


History

DateChamberAction
2015-01-13SenateReferred to Committee on Banking and Insurance
2015-01-13SenateIntroduced and read first time
2014-12-10SenateReferred to Committee on Banking and Insurance
2014-12-10SenatePrefiled

Code Citations

ChapterArticleSectionCitation TypeStatute Text
373413(n/a)See Bill Text
373501(n/a)See Bill Text

South Carolina State Sources


Bill Comments

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