S 488

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

Unfair Trade Lending Practices

Abstract

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY ADDING SECTION 39-5-30 SO AS TO MAKE IT UNLAWFUL FOR ANY PERSON PROVIDING A CONSUMER INSTALLMENT LOAN OR DEFERRED PRESENTMENT LOAN TO ENGAGE IN PREDATORY CONSUMER LOAN PRACTICES; AND BY ADDING SECTION 37-3-516 SO AS TO CREATE A DATABASE THROUGH THE CONSUMER FINANCE DIVISION OF THE BOARD OF FINANCIAL INSTITUTIONS TO COLLECT DATA AND TO PREVENT A PERSON FROM HAVING A SUPERVISED OR RESTRICTED LOAN TRANSACTION THAT EXCEEDS THE LIMITS FOR REFINANCING LOANS.

Bill Sponsors (1)

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Mar 25, 2025

Senate

Introduced and read first time

Senate

Referred to Committee on Labor, Commerce and Industry

Bill Text

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03/25/2025 HTML
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