S 379

  • South Carolina Senate Bill
  • 2025-2026 Regular Session
  • Introduced in Senate Feb 25, 2025
  • Senate
  • House
  • Governor

Payday Loans

Abstract

A BILL TO PROHIBIT NEW DEFERRED PRESENTMENT LICENSES FROM BEING ISSUED; TO PROVIDE THAT NEW DEFERRED PRESENTMENT LOANS AND LOAN RENEWALS MAY NOT BE MADE AFTER JUNE 30, 2025; TO PROVIDE THAT OUTSTANDING LOANS AFTER JUNE 30, 2025 MAY BE SERVICED UNDER A PAYMENT PLAN; TO PROVIDE THAT EXISTING DEFERRED-PRESENTMENT LICENSEES MAY TRANSITION WITHIN THE NATIONWIDE MULTISTATE LICENSING SYSTEM WITHOUT COST FROM BEING LICENSED AS A DEFERRED PRESENTMENT PROVIDER TO BEING LICENSED AS A SUPERVISED LENDER FOR THE REMAINDER OF THE EXISTING LICENSING PERIOD; AND TO REPEAL CHAPTER 39 OF TITLE 34.

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Feb 25, 2025

Senate

Introduced and read first time

Senate

Referred to Committee on Banking and Insurance

Bill Text

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02/25/2025 HTML
Filed VND.OPENXMLFORMATS-OFFICEDOCUMENT.WORDPROCESSINGML.DOCUMENT HTML

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