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H. 3750
STATUS INFORMATION
General Bill
Sponsors: Rep. J.E. Smith
Document Path: l:\council\bills\agm\19350mm09.docx
Introduced in the House on March 24, 2009
Currently residing in the House Committee on Labor, Commerce and Industry
Summary: Consumer loan transactions
HISTORY OF LEGISLATIVE ACTIONS
Date Body Action Description with journal page number ------------------------------------------------------------------------------- 3/24/2009 House Introduced and read first time HJ-53 3/24/2009 House Referred to Committee on Labor, Commerce and Industry
View the latest legislative information at the LPITS web site
VERSIONS OF THIS BILL
TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 37-3-414 SO AS TO PROVIDE THAT A VIOLATION OF FEDERAL LAW AS TO CERTAIN CONSUMER LOAN TRANSACTIONS IS A VIOLATION OF STATE LAW.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Part 4, Chapter 3, Title 37 of the 1976 Code is amended by adding:
"Section 37-3-414. Notwithstanding another provision of this chapter, a violation of a provision of Section 670 of the John Warner National Defense Authorization Act for Fiscal Year 2007, Public Law 109-364, or a regulation adopted pursuant to it is a violation of this chapter."
SECTION 2. This act takes effect upon approval by the Governor.
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