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H. 4264

STATUS INFORMATION

Joint Resolution
Sponsors: Rep. Kirsh
Document Path: l:\council\bills\nbd\11566ac10.docx

Introduced in the House on January 12, 2010
Currently residing in the House Committee on Labor, Commerce and Industry

Summary: Debt collection and recovery agencies

HISTORY OF LEGISLATIVE ACTIONS

     Date      Body   Action Description with journal page number
-------------------------------------------------------------------------------
  12/15/2009  House   Prefiled
  12/15/2009  House   Referred to Committee on Labor, Commerce and Industry
   1/12/2010  House   Introduced and read first time HJ-50
   1/12/2010  House   Referred to Committee on Labor, Commerce and Industry 
                        HJ-50

View the latest legislative information at the LPITS web site

VERSIONS OF THIS BILL

12/15/2009

TO CREATE A STUDY COMMITTEE TO REVIEW, STUDY, AND MAKE RECOMMENDATIONS CONCERNING THE LICENSURE AND REGULATION OF DEBT COLLECTION AND RECOVERY AGENCIES, TO PROVIDE FOR THE MEMBERSHIP OF THE STUDY COMMITTEE, AND TO REQUIRE THE STUDY COMMITTEE TO REPORT ITS FINDINGS AND RECOMMENDATIONS TO THE GENERAL ASSEMBLY NO LATER THAN FEBRUARY 1, 2011, AT WHICH TIME THE STUDY COMMITTEE IS ABOLISHED.

Be it enacted by the General Assembly of the State of South Carolina:

SECTION    1.    (A)    There is created a study committee to review, study, and make recommendations concerning the need to license and regulate the practice of debt collection and recovery agencies. The committee shall review debt collection standards, practices, and collection methods.

(B)(1)    The study committee must be composed of five members:

(a)    one member appointed by the President Pro Tempore of the Senate;

(b)    one member appointed by the Speaker of the House of Representatives; and

(c)    three members appointed by the Governor, one who represents the South Carolina Collector's Association, one who represents the South Carolina Chamber of Commerce, and one who represents the South Carolina Department of Labor, Licensing and Regulation.

(2)    Notwithstanding the provisions of Section 8-13-770, members of the General Assembly may be appointed to serve on this study committee.

(3)    If a vacancy occurs on the study committee, a member must be appointed in the manner of the original appointment to serve for the remainder of the unexpired term.

(4)    Members of the study committee shall serve without mileage, per diem, subsistence, or any form of compensation.

(C)    The study committee shall make a report of its findings and recommendations to the General Assembly no later than February 1, 2011, at which time the study committee is abolished. The study committee may make recommendations it considers appropriate including, but not limited to, the licensing and regulation of debt collection and recovery agencies.

SECTION    2.    This joint resolution takes effect upon approval by the Governor.

This web page was last updated on Monday, October 10, 2011 at 12:23 P.M.