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.
Sponsored By: Tom Davis (Republican)
In Committee
Summary
Unfair Trade Lending Practices
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Bill Overview
No Economic Impacts Identified for this Bill
Sponsors & Cosponsors
Sponsor
Tom Davis
Republican • Senate
Cosponsors
Ed Sutton
Democrat • Senate
Roll Call Votes
No roll call votes available for this bill.
Actions Timeline
Referred to Committee on Labor, Commerce and Industry
3/25/2025SenateIntroduced and read first time
3/25/2025Senate
Bill Text
Introduced
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