South Carolina Senate bill in Session 126.
Status: in_committee. Latest action: March 25, 2025.
A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY ADDING SECTION 39-5-30 SO AS TO MAKE IT UNLAWFUL FOR ANY PERSON PROVIDING A CONSUMER INSTALLMENT LOAN OR DEFERRED PRESENTMENT LOAN TO ENGAGE IN PREDATORY CONSUMER LOAN PRACTICES; AND BY ADDING SECTION 37-3-516 SO AS TO CREATE A DATABASE THROUGH THE CONSUMER FINANCE DIVISION OF THE BOARD OF FINANCIAL INSTITUTIONS TO COLLECT DATA AND TO PREVENT A PERSON FROM HAVING A SUPERVISED OR RESTRICTED LOAN TRANSACTION THAT EXCEEDS THE LIMITS FOR REFINANCING LOANS.
Unfair Trade Lending Practices
| Date | Event | Detail |
|---|---|---|
| 2025-03-25 | Introduced | Bill introduced |
| 2025-03-25 | Status | in_committee |
| 2025-03-25 | Latest Action | Referred to Committee on Labor, Commerce and Industry ( Senate Journal-page 8 ) |