South Carolina Legislature


Session 107 - (1987-1988)Printer Friendly
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H*3032 (Rat #0467, Act #0428 of 1988) General Bill, By J.D. Bradley
    A Bill to amend Article 1, Chapter 3, Title 29, Code of Laws of South Carolina, 1976, relating to mortgages by adding Section 29-3-70 so as to provide that a mortagee, when making a mortgage loan may not require, as a condition or term of the mortgage, that the mortgagor purchase casualty insurance on property which is the subject of the mortgage in an amount in excess of the replacement cost of the buildings or appurtenances on the mortgaged premises.
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04/16/87House Introduced and read first time HJ-1963
04/16/87House Referred to Committee on Labor, Commerce and Industry HJ-1963
05/28/87House Committee report: Favorable Labor, Commerce and Industry HJ-3302
06/02/87House Read second time HJ-3420
06/03/87House Read third time and sent to Senate HJ-3563
06/03/87Senate Introduced and read first time SJ-2595
06/03/87Senate Referred to Committee on Banking and Insurance SJ-259
03/22/88Senate Committee report: Favorable Banking and Insurance SJ-21
03/24/88Senate Read second time SJ-60
03/29/88Senate Read third time and enrolled SJ-15
03/30/88 Ratified R 467
04/05/88 Signed By Governor
04/05/88 Effective date 04/05/88
04/05/88 Act No. 428
04/12/88 Copies available

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