H 3390 General Bill, By Taylor, Dantzler, Frye, Littlejohn, J.R. Smith, Toole and Vaughn
Summary: Assignment of a nonnegotiable instrument to a collection agency
    A BILL TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 37-5-119 SO AS TO PROVIDE FOR ASSIGNMENT OF A NONNEGOTIABLE INSTRUMENT TO A COLLECTION AGENCY BY A CREDITOR, TO PROVIDE CRITERIA FOR AN EFFECTIVE ASSIGNMENT OF THE INSTRUMENT, TO PROVIDE FOR PURSUIT OF A CLAIM BY THE ASSIGNEE BASED ON THE INSTRUMENT, AND TO DEFINE "COLLECTION AGENCY"; AND BY ADDING SECTION 37-10-108 SO AS TO PROVIDE FOR ASSIGNMENT OF A RIGHT TO RECEIVE PAYMENT WHICH IS EVIDENCED BY A NONNEGOTIABLE INSTRUMENT AND TO PROVIDE, FURTHER, THAT AN ASSIGNEE IN THE REGULAR COURSE OF BUSINESS MAY BRING AN ACTION ON THE DEBT EVIDENCED BY THE ASSIGNED INSTRUMENT.
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01/26/05	House	Introduced and read first time HJ-84
01/26/05	House	Referred to Committee on Labor, Commerce and Industry HJ-84