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Session 116 - (2005-2006)Printer Friendly
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S*0607 (Rat #0120, Act #0111 of 2005) General Bill, By Lourie, J.V. Smith, Anderson, Hayes, Land, Malloy, Ford, Elliott, Richardson, Matthews, Patterson, Grooms, McConnell, Short, Williams, Cleary, Leventis, Martin, Hutto, Scott, Thomas and Jackson
Summary: Credit counseling
    AN ACT TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING CHAPTER 7 TO TITLE 37 SO AS TO PROVIDE FOR THE LICENSING AND REGULATION OF CONSUMER CREDIT COUNSELING IN THIS STATE BY THE DEPARTMENT OF CONSUMER AFFAIRS INCLUDING DEFINITIONS, LICENSING REQUIREMENTS, A WRITTEN CONTRACT, A THOROUGH BUDGET ANALYSIS, A TRUST ACCOUNT WITH AT LEAST QUARTERLY ACCOUNTINGS TO THE CONSUMER, A SURETY BOND, A LIMITATION ON FEES, REPORTS TO THE DEPARTMENT, A LIST OF PROHIBITED ACTIVITIES, CIVIL AND CRIMINAL PENALTIES FOR A VIOLATION, AND MAKING A VIOLATION AN UNFAIR TRADE PRACTICE SUBJECT TO THE UNFAIR TRADE PRACTICES ACT. - ratified title
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03/10/05Senate Introduced and read first time SJ-2
03/10/05Senate Referred to Committee on Banking and Insurance SJ-2
04/18/05Senate Committee report: Favorable with amendment Banking and Insurance SJ-27
04/19/05Senate Amended SJ-19
04/19/05Senate Read second time SJ-19
04/20/05Senate Read third time and sent to House SJ-21
04/26/05House Introduced and read first time HJ-13
04/26/05House Referred to Committee on Labor, Commerce and Industry HJ-14
05/18/05House Committee report: Favorable with amendment Labor, Commerce and Industry HJ-53
05/24/05House Amended HJ-24
05/24/05House Read second time HJ-25
05/25/05House Read third time and returned to Senate with amendments HJ-22
05/25/05Senate Concurred in House amendment and enrolled SJ-159
05/26/05 Ratified R 120
06/02/05 Became law without Governor's signature
06/07/05 Copies available
06/07/05 Effective date 12/02/05
06/07/05 Act No. 111
06/21/05 Scrivener's error corrected



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