South Carolina General Assembly
119th Session, 2011-2012

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Bill 1108

Indicates Matter Stricken
Indicates New Matter


(Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.)

COMMITTEE REPORT

April 17, 2012

S. 1108

Introduced by Senators Leventis, Hutto, Williams, Elliott, Matthews, O'Dell and Ford

S. Printed 4/17/12--S.

Read the first time January 17, 2012.

            

THE COMMITTEE ON BANKING AND INSURANCE

To whom was referred a Bill (S. 1108) to amend the Code of Laws of South Carolina, 1976, by adding Section 37-3-414 so as to provide that a violation of federal law as to certain, etc., respectfully

REPORT:

That they have duly and carefully considered the same and recommend that the same do pass with amendment:

Amend the bill, as and if amended, by adding an appropriately numbered SECTION to read:

/        SECTION    ___.    Chapter 39, Title 34 of the 1976 Code is amended by adding:

"Section 34-39-205.    Notwithstanding another provision of this chapter, a violation of a provision of Section 670 of the John Warner National Defense Authorization Act for Fiscal Year 2007, Public Law 109-364, or a regulation adopted pursuant to it is a violation of this chapter."        /

Renumber sections to conform.

Amend title to conform.

DAVID L. THOMAS for Committee.

            

A BILL

TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 37-3-414 SO AS TO PROVIDE THAT A VIOLATION OF FEDERAL LAW AS TO CERTAIN CONSUMER LOAN TRANSACTIONS IS A VIOLATION OF STATE LAW.

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

SECTION    1.    Part 4, Chapter 3, Title 37 of the 1976 Code is amended by adding:

"Section 37-3-414.    Notwithstanding another provision of this chapter, a violation of a provision of Section 670 of the John Warner National Defense Authorization Act for Fiscal Year 2007, Public Law 109-364, or a regulation adopted pursuant to it is a violation of this chapter."

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

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