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H. 4203

STATUS INFORMATION

General Bill
Sponsors: Reps. Forrest, Hiott, Huggins, Caskey, Taylor, Carter, Oremus, McKnight, King, Kirby, Kimmons, Morgan, G.R. Smith, Pope, Allison, Ballentine, Bryant, Calhoon, Cobb-Hunter, Crawford, Elliott, Fry, Gagnon, Hixon, V.S. Moss, Sandifer, Thayer and Willis
Document Path: l:\council\bills\df\13075cz21.docx

Introduced in the House on April 13, 2021
Currently residing in the House Committee on Labor, Commerce and Industry

Summary: HVAC Repossession

HISTORY OF LEGISLATIVE ACTIONS

     Date      Body   Action Description with journal page number
-------------------------------------------------------------------------------
   4/13/2021  House   Introduced and read first time (House Journal-page 23)
   4/13/2021  House   Referred to Committee on Labor, Commerce and Industry 
                        (House Journal-page 23)

View the latest legislative information at the website

VERSIONS OF THIS BILL

4/13/2021

TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 37-5-120 SO AS TO PROVIDE THAT A CONTRACTOR OR COMPANY MAY REPOSSESS ANY AND ALL REMOVABLE EQUIPMENT UNDER CERTAIN CIRCUMSTANCES.

Be it enacted by the General Assembly of the State of South Carolina:

SECTION    1.    Part 1, Chapter 5, Title 37 of the 1976 Code is amended by adding:

    "Section     37-5-120.        (A)    A contractor or company that provides and installs any and all removable equipment that is marked with UCC identification information, model numbers, serial numbers, identification codes, or other similar markings that identify a particular piece of equipment from the same or similar equipment made by a particular manufacturer to a consumer through a consumer credit transaction may repossess the installed removable equipment from a consumer who defaults on an agreement by failing to make the required payment.

    (B)    The contractor or company may not repossess this installed removable equipment without providing proper notice and the opportunity for the consumer to cure the default pursuant to the provisions of Sections 37-5-110 and 37-5-111. Failure to provide notice and an opportunity to cure renders the repossession void and the contractor or company can be found liable for conversion by a court with competent jurisdiction."

SECTION    2.    This act takes effect upon approval by the Governor.

This web page was last updated on April 14, 2021 at 9:11 AM