H 4906 Session 112 (1997-1998)
H 4906 General Bill, By A.W. Byrd, Bailey, Cobb-Hunter, Gourdine, Howard,
Inabinett, Kennedy, Lloyd, Moody-Lawrence, Scott, Simrill and E.C. Stoddard
A BILL TO AMEND CHAPTER 1, TITLE 37, CODE OF LAWS OF SOUTH CAROLINA, 1976,
RELATING TO GENERAL PROVISIONS AND DEFINITIONS IN THE CONSUMER PROTECTION
CODE, BY ADDING SECTION 37-1-410 SO AS TO REQUIRE A PERSON OR BUSINESS THAT
SUBMITS TO A CONSUMER CREDIT REPORTING AGENCY AN INDIVIDUAL'S NAME AS A CREDIT
RISK OR AS HAVING BAD CREDIT TO NOTIFY THE INDIVIDUAL OF THAT FACT IN WRITING,
AND TO PROVIDE A CRIMINAL PENALTY FOR FAILURE TO COMPLY WITH THIS SECTION.
03/26/98 House Introduced and read first time HJ-28
03/26/98 House Referred to Committee on Labor, Commerce and
Industry HJ-28
A BILL
TO AMEND CHAPTER 1, TITLE 37, CODE OF LAWS OF
SOUTH CAROLINA, 1976, RELATING TO GENERAL
PROVISIONS AND DEFINITIONS IN THE CONSUMER
PROTECTION CODE, BY ADDING SECTION 37-1-410 SO AS
TO REQUIRE A PERSON OR BUSINESS THAT SUBMITS TO A
CONSUMER CREDIT REPORTING AGENCY AN
INDIVIDUAL'S NAME AS A CREDIT RISK OR AS HAVING
BAD CREDIT TO NOTIFY THE INDIVIDUAL OF THAT FACT
IN WRITING, AND TO PROVIDE A CRIMINAL PENALTY FOR
FAILURE TO COMPLY WITH THIS SECTION.
Be it enacted by the General Assembly of the State of South
Carolina:
SECTION 1. Chapter 1, Title 37 of the 1976 Code is amended by
adding:
"Part 4
Reports to Consumer Credit Reporting Agencies
Section 37-1-410. (A) A person or business that submits to a
consumer credit reporting agency an individual's name as a credit risk
or as having bad credit shall promptly notify the individual of that
fact in writing by United States mail, return receipt requested. The
notification must contain the name, address, and telephone number
of the consumer credit reporting agency and the reason for submitting
the individual's name as a credit risk or as having bad credit.
(B) A person or business that fails to comply with the provisions
of subsection (A) is guilty of a misdemeanor and, upon conviction,
must be punished by a fine of one thousand dollars."
SECTION 2. This act takes effect upon approval by the Governor.
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