Current Status Bill Number:
3848Ratification Number: 333Act Number: 297Type of Legislation: General Bill GBIntroducing Body: HouseIntroduced Date: 19950322Primary Sponsor: CromerAll Sponsors: CromerDrafted Document Number: bbm\9760jm.95Date Bill Passed both Bodies: 19960403Date of Last Amendment: 19960326Governor's Action: U Became law without signature of GovernorDate of Governor's Action: 19960507Subject: Mortgage forms, assignment of
Body Date Action Description Com Leg Involved ______ ________ _______________________________________ _______ ____________ ------ 19960515 Act No. A297 ------ 19960507 Unsigned, became law without signature of Governor ------ 19960430 Ratified R333 House 19960403 Concurred in Senate amendment, enrolled for ratification Senate 19960327 Read third time, returned to House with amendment Senate 19960326 Amended, read second time Senate 19960320 Committee report: Favorable with 11 SJ amendment Senate 19950518 Introduced, read first time, 11 SJ referred to Committee House 19950518 Read third time, sent to Senate House 19950517 Amended, read second time House 19950516 Debate adjourned until Wednesday, 19950517 House 19950511 Committee report: Favorable with 25 HJ amendment House 19950322 Introduced, read first time, 25 HJ referred to CommitteeView additional legislative information at the LPITS web site.
(A297, R333, H3848)
AN ACT TO AMEND SECTION 30-7-50, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE MANNER IN WHICH MORTGAGE ASSIGNMENTS MUST BE EXECUTED AND PROBATED, SO AS TO PROVIDE THAT ASSIGNMENT OF MORTGAGE FORMS SHALL INCLUDE THE NAME OF THE MORTGAGOR AND THE NAME AND ADDRESS OF THE MORTGAGEE AND THE BOOK, PAGE, AND DATE OF RECORDING OF THE ORIGINAL MORTGAGE AND MAY INCLUDE A TOLL-FREE NUMBER FOR THE ASSIGNEE IF SUCH A NUMBER IS AVAILABLE.
Be it enacted by the General Assembly of the State of South Carolina:
Information for inclusion in assignment forms
SECTION 1. Section 30-7-50 of the 1976 Code is amended to read:
"Section 30-7-50. Any assignment to be entitled to be recorded as provided in Section 30-7-40 shall be in writing and witnessed as mortgages of real property are required to be witnessed and shall not be probated when it is upon, or attached to, the original mortgage itself, but when it is upon a separate piece not attached to the original mortgage itself then it shall be probated in the same way as is now provided by law for the probating of mortgages of real property. Assignment of mortgage forms shall include the name of the mortgagor and the name and address of the mortgagee and the book, page, and date of recording of the original mortgage, and may include a toll free number for the assignee if such a number is available."
SECTION 2. This act takes effect ninety days after approval by the Governor.
Became law without the signature of the Governor -- 5/7/96.