South Carolina Legislature


Session 106 - (1985-1986)Printer Friendly
(pdf format)
S*0303 (Rat #0235, Act #0153 of 1985) General Bill, By Senate Banking and Insurance
    A Bill to amend Sections 37-3-105, Code of Laws of South Carolina, 1976, relating to first mortgage real estate loans, so as to provide that if the origination charge and other prepaid charges substantially exceed the customary charge for a consumer loan the creditor is subject to the investigation by the Administrator of Consumer Affairs; 37-3-201 relating to loan finance charge for consumer loans other than supervised loans, so as to delete the provisions stating that the finance charge may be contracted for and earned at the single annual percentage rate; 37-5-108, as amended, relating to unconscionable acts to induce a consumer to secure a loan or to collect a debt, so as to provide that there may be a finding of unconscionability with regard to a consumer loan when there is a gross disparity between price of property or services sold and the value of the property or services or when prepaid charges substantially exceed the customary charge for a loan and provide that the court may consider any bargaining disparity between the parties to determine unconscionability.-amended title
View full text
02/28/85Senate Introduced, read first time, placed on calendar without reference SJ-705
03/13/85Senate Read second time SJ-846
03/14/85Senate Read third time and sent to House SJ-877
03/14/85Senate Reconsidered SJ-879
04/23/85Senate Amended SJ-1729
04/23/85Senate Read third time and sent to House SJ-1731
04/24/85House Introduced and read first time HJ-2680
04/24/85House Referred to Committee on Labor, Commerce and Industry HJ-2681
05/23/85House Committee report: Favorable with amendment Labor, Commerce and Industry HJ-3449
05/29/85House Debate adjourned HJ-3607
05/29/85House Reconsidered HJ-3611
05/29/85House Amended HJ-3613
05/29/85House Read second time HJ-3614
05/30/85House Read third time HJ-3644
05/30/85House Returned HJ-3644
05/30/85Senate Concurred in House amendment and enrolled SJ-2398
05/31/85Senate Recalled from Legislative Council SJ-2426
05/31/85Senate Reconsidered SJ-2427
05/31/85Senate Non-concurrence in House amendment SJ-2427
06/01/85Senate Reconsidered SJ-2481
06/01/85Senate House amendment amended SJ-2481
06/01/85Senate Returned SJ-2482
06/03/85House Concurred in Senate amendment and enrolled HJ-3756
06/18/85 Ratified R 235
06/20/85 Signed By Governor
06/20/85 Effective date 06/20/85
06/20/85 Act No. 153
07/10/85 Copies available

Legislative Services Agency
h t t p : / / w w w . s c s t a t e h o u s e . g o v