South Carolina General Assembly
125th Session, 2023-2024

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H. 3830

STATUS INFORMATION

General Bill
Sponsors: Reps. Hardee, Bannister, Collins, West, Oremus, Jordan, Sandifer, Vaughan, Trantham, Yow and Mitchell
Document Path: LC-0150PH23.docx

Introduced in the House on January 26, 2023
Currently residing in the House

Summary: Title insurance commissions

HISTORY OF LEGISLATIVE ACTIONS

Date Body Action Description with journal page number
1/26/2023 House Introduced and read first time (House Journal-page 9)
1/26/2023 House Referred to Committee on Labor, Commerce and Industry (House Journal-page 9)
1/31/2023 House Member(s) request name added as sponsor: Bannister, Collins, West, Oremus, Jordan
2/1/2023 House Member(s) request name added as sponsor: Sandifer, Vaughan, Trantham
2/7/2023 House Member(s) request name added as sponsor: Yow, Mitchell

View the latest legislative information at the website

VERSIONS OF THIS BILL

01/26/2023



A bill

TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 38-75-1000, RELATING TO COMMISSION PAID BY A TITLE INSURER, SO AS TO REMOVE THE CAP ON THE COMMISSION.

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

SECTION 1.   Section 38-75-1000 of the S.C. Code is amended to read:

   Section 38-75-1000.   A title insurer may not pay a commission, directly or indirectly, of greater than sixty percent on a title insurance policy.

SECTION 2.   This act takes effect upon approval by the Governor.

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This web page was last updated on May 28, 2024 at 12:58 PM