Current Status Introducing Body:House Bill Number:4173 Primary Sponsor:Harrelson Committee Number:26 Type of Legislation:GB Subject:Credit, securing for person Residing Body:House Current Committee:Labor, Commerce and Industry Computer Document Number:CYY/18696.SD Introduced Date:Jan 15, 1992 Last History Body:House Last History Date:Jan 15, 1992 Last History Type:Introduced, read first time, referred to Committee Scope of Legislation:Statewide All Sponsors:Harrelson Type of Legislation:General Bill
Bill Body Date Action Description CMN
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4173 House Jan 15, 1992 Introduced, read first time, 26
referred to Committee
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TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 39-5-31 SO AS TO PROVIDE THAT ANY PERSON WHO ACCEPTS A FEE FROM ANOTHER PERSON TO SECURE FOR OR PROVIDE TO THAT OTHER PERSON CERTAIN CREDIT, LOANS, OR CREDIT CARDS AND WHO MISREPRESENTS HIS ABILITY TO SECURE OR PROVIDE SAME, OR FAILS TO MAKE A GOOD FAITH EFFORT TO SECURE OR PROVIDE SAME IS CONSIDERED TO HAVE COMMITTED UNFAIR TRADE PRACTICE WITHIN THE MEANING OF CHAPTER 5 OF TITLE 39.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. The 1976 Code is amended by adding:
"Section 39-5-31. Any person who accepts a fee from another person to secure for or provide to that other person certain credit, loans, or credit cards and who misrepresents his ability to secure or provide such credit, loans, or credit cards, or who fails to make a good faith effort to secure or provide such credit, loans, or credit cards is considered to have committed unfair trade practice within the meaning of Section 39-5-20(a), thereby subjecting the violator to the remedies and procedures authorized in this chapter."
SECTION 2. This act takes effect upon approval by the Governor.