S 1176 General Bill, By Thomas
Summary: Residential builder or specialty contractor without required licenses or bonds; provisions when builder or contractor accepts money from property owner for contracting job; legal inferences that may be drawn for misuse of monies
    A BILL TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 40-59-135 SO AS TO PROVIDE THAT A RESIDENTIAL BUILDER OR RESIDENTIAL SPECIALTY CONTRACTOR WHO UNDERTAKES OR ATTEMPTS TO UNDERTAKE THE BUSINESS OF RESIDENTIAL BUILDING OR RESIDENTIAL SPECIALTY CONTRACTING WITHOUT FIRST HAVING PROCURED CERTAIN REQUIRED LICENSES OR BONDS IS DEEMED TO HAVE A FIDUCIARY RELATIONSHIP WITH A PROPERTY OWNER FROM WHOM THE RESIDENTIAL BUILDER OR RESIDENTIAL SPECIALTY CONTRACTOR ACCEPTS MONEY OR OTHER CONSIDERATION FOR THE PURPOSE OF DOING A RESIDENTIAL BUILDING OR RESIDENTIAL SPECIALTY CONTRACTING JOB, AND TO PROVIDE FOR LEGAL INFERENCES THAT MAY BE DRAWN FOR THE MISUSE OR LACK OF ACCOUNTING FOR THESE MONIES.
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04/02/02	Senate	Introduced and read first time SJ-4
04/02/02	Senate	Referred to Committee on Labor, Commerce and Industry SJ-4