Staff Portal
Loading...
Session 103 - (1979-1980)Printer Friendly
(pdf format)
H*3262 (Rat #0351, Act #0326 of 1980) General Bill, By House Labor, Commerce and Industry
A Bill to amend Act 220 of 1979 relating to interest rates for certain commercial agricultural loans, so as to allow the parties to such a loan to contract for the rate of interest up to one percent more than the discount rate on ninety-day commercial paper and provide certain exemptions; to amend Sections 37-1-102, 37-1-202, as amended, 37-2-210, as amended, and 37-3-210, Code of Laws of South Carolina, 1976, and Act 686 of 1976, all relating to the Consumer Protection Code, so as to provide that the simplification, clarification and modernization of usury be added to the purposes of the Code, increase minimum prepayment charges from five dollars and seven dollars and fifty cents for certain loans to fifteen dollars, provide that state-chartered credit unions shall be subject to its provisions and provide charges for nonconsumer loans; and to amend Section 34-27-70, relating to powers of cooperative credit unions, so as to prohibit such credit unions from charging rates of interest in excess of those authorized by law instead of at the rate of one percent per month on unpaid loan balances.-at
View full text
A Bill to amend Act 220 of 1979 relating to interest rates for certain commercial agricultural loans, so as to allow the parties to such a loan to contract for the rate of interest up to one percent more than the discount rate on ninety-day commercial paper and provide certain exemptions; to amend Sections 37-1-102, 37-1-202, as amended, 37-2-210, as amended, and 37-3-210, Code of Laws of South Carolina, 1976, and Act 686 of 1976, all relating to the Consumer Protection Code, so as to provide that the simplification, clarification and modernization of usury be added to the purposes of the Code, increase minimum prepayment charges from five dollars and seven dollars and fifty cents for certain loans to fifteen dollars, provide that state-chartered credit unions shall be subject to its provisions and provide charges for nonconsumer loans; and to amend Section 34-27-70, relating to powers of cooperative credit unions, so as to prohibit such credit unions from charging rates of interest in excess of those authorized by law instead of at the rate of one percent per month on unpaid loan balances.-at
View full text
| 01/08/80 | House | Introduced, read first time, placed on calendar without reference HJ-52 |
| 01/10/80 | House | Debate adjourned HJ-211 |
| 01/15/80 | House | Debate adjourned HJ-246 |
| 01/16/80 | House | Debate adjourned HJ-276 |
| 01/17/80 | House | Debate adjourned HJ-317 |
| 01/22/80 | House | Read second time HJ-359 |
| 01/23/80 | House | Amended HJ-389 |
| 01/23/80 | House | Read third time and sent to Senate HJ-389 |
| 01/24/80 | Senate | Introduced and read first time SJ-11 |
| 01/24/80 | Senate | Referred to Committee on Banking and Insurance SJ-11 |
| 01/31/80 | Senate | Committee report: Favorable with amendment Banking and Insurance SJ-11 |
| 02/07/80 | Senate | Read second time SJ-19 |
| 02/07/80 | Senate | Ordered to third reading with notice of amendments SJ-19 |
| 02/14/80 | Senate | Amended SJ-13 |
| 02/14/80 | Senate | READ THIRD TIME SJ-13 |
| 02/14/80 | Senate | Returned SJ-13 |
| 02/19/80 | House | Debate adjourned HJ-1000 |
| 02/20/80 | House | Concurred in Senate amendment and enrolled HJ-1027 |
| 03/05/80 | House | Ratified R 351 HJ-1255 |
| 03/06/80 | Signed By Governor | |
| 03/06/80 | Effective date 03/06/80(S. 6 & 7 EFF. 90 DAYS LATER) | |
| 03/06/80 | Act No. 326 | |
| 03/14/80 | Copies available |