South Carolina Legislature


Session 109 - (1991-1992)Printer Friendly
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S*1398 (Rat #0541, Act #0452 of 1992) General Bill, By Bryan, Courtney, S.S. Martschink, M.F. Mullinax, M.T. Rose, J.V. Smith, H.S. Stilwell, Thomas and Wilson
    A Bill to amend Title 34, Code of Laws of South Carolina, 1976, relating to banking, financial institutions, and money by adding Chapter 36 so as to regulate loan brokers not otherwise regulated by federal or state law, to provide definitions, to prohibit loan brokers from performing certain acts, to provide for the responsibility of principals, to provide for investigations, cease and desist orders, and hearing procedures with respect to loan brokers, to provide for administrative fines and other sanctions, to provide for examinations, subpoenas, hearings, and witnesses, to provide for injunctions to restrain violations, to provide criminal penalties for violations, and to authorize actions for damages; to add Section 29-3-325 so as to provide that the mortgagee or assignee of a mortgage is responsible for recording the satisfaction or cancellation thereof under certain conditions and provide for the mortgages to which this provision applies.-amended title
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03/18/92Senate Introduced and read first time SJ-8
03/18/92Senate Referred to Committee on Banking and Insurance
04/23/92Senate Committee report: Favorable with amendment Banking and Insurance SJ-21
04/23/92Senate Read second time SJ-22
04/23/92Senate Ordered to third reading with notice of amendments SJ-22
04/28/92Senate Amended
04/28/92Senate Read third time and sent to House
04/29/92House Introduced and read first time HJ-247
04/29/92House Referred to Committee on Labor, Commerce and Industry HJ-247
05/19/92House Recalled from Committee on Labor, Commerce and Industry HJ-58
05/27/92House Amended HJ-51
05/27/92House Read second time HJ-52
05/27/92House Motion noted- Reconsider vote whereby read second time HJ-54
05/28/92House Reconsider vote whereby read second time HJ-31
05/28/92House Amended HJ-31
05/28/92House Read second time HJ-32
05/28/92House Unanimous consent for third reading on next legislative day HJ-32
05/29/92House Read third time and returned to Senate with amendments HJ-42
06/02/92Senate Non-concurrence in House amendment SJ-56
06/03/92House House insists upon amendment and conference committee appointed Reps. TC Alexander, L Martin & Whipper HJ-9
06/03/92Senate Conference committee appointed Sens. Bryan, Fielding, Stilwell SJ-100
06/03/92House Conference report received and adopted HJ-100
06/04/92Senate Conference report received and adopted SJ-65
06/04/92Senate Ordered enrolled for ratification SJ-72
06/04/92 Ratified R 541
06/15/92 Signed By Governor
06/15/92 Effective date 06/15/92
06/15/92 Act No. 452
07/09/92 Copies available

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