Legislative Research: SC S15 | 2009-2010 | 118th General Assembly

Other Sessions

SessionTitle/DescriptionLast Action
2009-2010
118th General Assembly

(Introduced - Dead)
A BILL TO AMEND CHAPTER 39 OF TITLE 34 OF THE 1976 CODE, RELATING TO DEFERRED PRESENTMENT SERVICES, BY ADDING SECTION 34-39-175 TO PROVIDE THAT THE CONSUMER FINANCE DIVISION OF THE BOARD OF FINANCIAL INSTITUTIONS MUST IMPLEMENT A DEFERRED PRESENTMENT...
[S15 2009 Detail][S15 2009 Text][S15 2009 Comments]
2009-01-13
Referred to Committee on Banking and Insurance SJ-78

References Online

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Legislative Citation

APA
SC S15 | 2009-2010 | 118th General Assembly. (2009, January 13). LegiScan. Retrieved July 05, 2024, from https://legiscan.com/SC/bill/S15/2009
MLA
"SC S15 | 2009-2010 | 118th General Assembly." LegiScan. LegiScan LLC, 13 Jan. 2009. Web. 05 Jul. 2024. <https://legiscan.com/SC/bill/S15/2009>.
Chicago
"SC S15 | 2009-2010 | 118th General Assembly." January 13, 2009 LegiScan. Accessed July 05, 2024. https://legiscan.com/SC/bill/S15/2009.
Turabian
LegiScan. SC S15 | 2009-2010 | 118th General Assembly. 13 January 2009. https://legiscan.com/SC/bill/S15/2009 (accessed July 05, 2024).

Same As/Similar To

BillRelationshipDateTitleLast Action
S0047Similar To2009-01-13Relating To Deferred Presentment Services, By Adding Section 34-39-175, To Provide That The Consumer Finance Division Of The Board Of Financial Institutions Must Implement A Deferred Presentment Loan Tracking Database And To Provide For The Information Required In The Database; To Add Section 34-39-270, To Place A Limit On The Amount Of Outstanding Principal A Borrower May Have, To Provide For A Two Day Waiting Period Between Loans, To Require Deferred Presentment Lenders To Verify A Consumer's Eligibility For A Loan Prior To Entering Into A Deferred Presentment Transaction, And To Provide For The Process To Determine Eligibility; To Add Section 34-39-280, To Provide That Under Certain Circumstances A Borrower May Utilize A Payment Plan To Satisfy Outstanding Loans, To Provide For The Circumstances Under Which A Payment Plan May Be Used, And The Requirements For A Payment Plan; To Add Section 34-39-290, To Provide That The Board Must Make Annual Reports And To Provide For The Contents Of The Reports; To Amend Section 34-39-130, To Provide For The Applicability Of Chapter 39; To Amend Section 34-39-150 To Provide That The Application Fee For New Licenses And The License Renewal Fees Are Each Increased From Two Hundred Fifty Dollars To Five Hundred Dollars And To Provide That Half Of The Fees Must Be Credited To The Attorney General's Office To Establish A Division To Enforce The Provisions Of This Act; To Amend Section 34-39-180, To Provide For A Maximum Loan Amount That May Not Exceed The Lesser Of Twenty Percent Of The Borrower's Gross Income During The Term Of The Loan Or Five Hundred Dollars And To Provide For Consumer Warning Statements; And To Amend Section 34-39-200 To Provide Additional Limitations On The Activities Of Licensed Deferred Presentment Providers.Referred to Committee on Banking and Insurance SJ-94
S0087Similar To2009-01-13Require Compliance With Law When Acting For A Third-party Lender.Referred to Committee on Banking and Insurance SJ-110
S0113Similar To2009-01-13Relating To Deferred Presentment Services, By Adding Section 34-39-175 To Provide That The Consumer Finance Division Of The Board Of Financial Institutions Must Implement A Deferred Presentment Loan Tracking Database And To Provide For Information Required In The Database; To Add Section 34-39-270 To Limit Consumers To One Deferred Presentment Loan At A Time, To Provide For A Seven Day Waiting Period Between Loans, To Require Deferred Presentment Providers To Verify A Consumers Eligibility For A Loan Prior To Entering A Deferred Presentment Transaction, And To Provide For The Process To Determine Eligibility; To Add Section 34-39-280 To Provide That Under Certain Circumstances A Consumer May Utilize A Payment Plan To Satisfy An Outstanding Loan, To Provide For The Circumstances Under Which A Payment Plan May Be Used, And The Requirements For A Payment Plan; To Add Section 34-39-290 To Provide That The Board Must Make Annual Reports And To Provide For The Contents Of Those Reports; To Amend Section 34-39-130 To Provide For The Applicability Of Chapter 39 Of Title 34; To Amend Section 34-39-150 To Provide That The Application Fee For New Licenses And License Renewal Fees Are Increased From Two Hundred Fifty Dollars To Five Hundred Dollars; To Amend Section 34-39-180 To Provide For A Maximum Loan Amount Based Upon The Consumer's Gross Income Or Five Hundred Dollars, To Provide For Consumer Warning Statements, To Provide That Deferred Presentment Providers May Not Enter Into A Loan With A Consumer Satisfying Another Loan Pursuant To An Extended Payment Plan, And To Provide That The Board Must Develop A Form To Be Used By Deferred Presentment Providers To Calculate The Maximum Amount That May Be Lent To A Consumer; To Amend Section 34-39-200 To Provide Additional Limitations On The Activities Of Licensed Deferred Presentment Providers; To Amend Chapter 39 Of Title 34 By Adding Section 39-34-205 To Place On-premises Advertising Limitations; And To Amend Section 34-39-170 To Provide That Consumers And Deferred Presentment Providers May Not Enter Into Agreements That Allow For Automatic Debited Loan Payments.Referred to Committee on Banking and Insurance SJ-122
H3159Similar To2009-01-13Require Compliance With Law When Acting For A Third-party Lender.Referred to Committee on Labor, Commerce and Industry HJ-73

Code Citations

ChapterArticleSectionCitation TypeStatute Text
3439130(n/a)See Bill Text
3439150(n/a)See Bill Text
3439170(n/a)See Bill Text
3439175(n/a)See Bill Text
3439180(n/a)See Bill Text
3439200(n/a)See Bill Text
3439270(n/a)See Bill Text
3439280(n/a)See Bill Text
3439290(n/a)See Bill Text
3934205(n/a)See Bill Text

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