South Carolina General Assembly
121st Session, 2015-2016

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Bill 287


Indicates Matter Stricken
Indicates New Matter


(Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.)

A BILL

TO AMEND CHAPTER 3, TITLE 37 OF THE 1976 CODE, RELATING TO THE SOUTH CAROLINA CONSUMER PROTECTION CODE, 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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