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Session 123 - (2019-2020)Printer Friendly
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H 3380 General Bill, By W. Newton, Erickson and Bradley
Summary: Deeds and mortgages, derivation clause requirement
A BILL TO AMEND SECTION 30-5-35, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE DERIVATION CLAUSE REQUIREMENT ON A DEED AND MORTGAGE, SO AS TO REQUIRE ALL MORTGAGES EXECUTED AFTER JUNE 1, 2019, TO INCLUDE A CLAUSE SETTING FORTH THE NAME OF THE PARTY WHO PREPARED THE MORTGAGE OR THE ATTORNEY LICENSED IN SOUTH CAROLINA WHO ASSISTED IN THE CLOSING OF THE INSTRUMENT.
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Summary: Deeds and mortgages, derivation clause requirement
A BILL TO AMEND SECTION 30-5-35, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE DERIVATION CLAUSE REQUIREMENT ON A DEED AND MORTGAGE, SO AS TO REQUIRE ALL MORTGAGES EXECUTED AFTER JUNE 1, 2019, TO INCLUDE A CLAUSE SETTING FORTH THE NAME OF THE PARTY WHO PREPARED THE MORTGAGE OR THE ATTORNEY LICENSED IN SOUTH CAROLINA WHO ASSISTED IN THE CLOSING OF THE INSTRUMENT.
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| 12/18/18 | House | Prefiled |
| 12/18/18 | House | Referred to Committee on Judiciary |
| 01/08/19 | House | Introduced and read first time (House Journal-page 215) |
| 01/08/19 | House | Referred to Committee on Judiciary (House Journal-page 215) |
| 01/16/19 | House | Member(s) request name added as sponsor: Erickson, Bradley |