South Carolina Legislature


Session 108 - (1989-1990)Printer Friendly
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S*0400 (Rat #0089, Act #0052 of 1989) General Bill, By Senate Finance
    A Bill to amend Section 40-58-40, Code of Laws of South Carolina, 1976, relating to bond and security requirements for mortgage loan brokers, so as to change the required amount for security and bond requirements from fifty thousand dollars to five thousand dollars; to amend Section 40-58-80, relating to orders and penalties administered to mortgage loan brokers and revocation of registration, so as to provide for the assessment of a minimum fine of one thousand dollars and a maximum fine of two thousand dollars for violating an administrator's order and to provide that the administrator may increase the required bond to a maximum of twenty-five thousand dollars for violations; and to amend Sections 38-45-20 and 38-45-30, relating to requirements for residents and nonresidents to be licensed brokers, so as to provide that the required bond amounts may be executed in the amount of ten thousand dollars until May 1, 1990.-amended title
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02/16/89Senate Introduced, read first time, placed on calendar without reference SJ-10
02/21/89Senate Amended SJ-18
02/21/89Senate Read second time SJ-19
03/07/89Senate Amended SJ-15
03/07/89Senate Read third time and sent to House SJ-17
03/08/89House Introduced and read first time HJ-11
03/08/89House Referred to Committee on Labor, Commerce and Industry HJ-12
03/22/89House Committee report: Favorable with amendment Labor, Commerce and Industry HJ-50
03/29/89House Debate interrupted HJ-32
03/30/89House Amended HJ-14
03/30/89House Read second time HJ-14
04/04/89House Read third time and returned to Senate with amendments HJ-22
04/06/89Senate Concurred in House amendment and enrolled SJ-6
04/20/89 Ratified R 89
04/26/89 Signed By Governor
04/26/89 Effective date 04/26/89
04/26/89 Act No. 52
05/03/89 Copies available

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