South CarolinaS 0787126th General Assembly (2025-2026)Senate

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY ADDING SECTION 37-3-110 SO AS TO DEFINE BRIDGE LOANS; AND BY AMENDING SECTION 37-3-402, RELATING TO BALLOON PAYMENTS, SO AS TO PROVIDE THAT THIS SECTION DOES NOT APPLY TO BRIDGE LOANS.

Sponsored By: Michael W. Gambrell (Republican)

Passed

Summary

Bridge Loans

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Michael W. Gambrell

    Republican • Senate

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 44 • No: 0

Senate vote 2/19/2026

(Bridge Loans)2nd Reading

Yes: 44 • No: 0

Actions Timeline

  1. Referred to Committee on Labor, Commerce and Industry

    2/25/2026House
  2. Introduced and read first time

    2/25/2026House
  3. Read third time and sent to House

    2/24/2026Senate
  4. Roll call Ayes-44 Nays-0

    2/19/2026Senate
  5. Read second time

    2/19/2026Senate
  6. Committee report: Favorable Banking and Insurance

    2/12/2026Senate
  7. Referred to Committee on Banking and Insurance

    1/13/2026Senate
  8. Introduced and read first time

    1/13/2026Senate

Bill Text

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