South Carolina Legislature




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Session 124 - (2021-2022)Printer Friendly
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H 3552 General Bill, By Thigpen and Wooten
Summary: Short-term vehicle secured loans
    A BILL TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 37-3-414 SO AS TO ESTABLISH CERTAIN REQUIREMENTS FOR SHORT-TERM VEHICLE-SECURED LOANS; BY ADDING SECTION 39-5-45 SO AS TO PROVIDE THAT IT IS AN UNFAIR TRADE PRACTICE FOR A SUPERVISED LENDER TO MAKE A SHORT-TERM VEHICLE-SECURED LOAN; TO AMEND SECTION 37-3-413, RELATING TO SHORT-TERM VEHICLE-SECURED LOANS, SO AS TO PROVIDE THE MAXIMUM INTEREST RATES A LENDER MAY CHARGE ON A SHORT-TERM VEHICLE-SECURED LOAN; AND TO AMEND SECTION 37-3-501, RELATING TO THE DEFINITIONS, SO AS TO INCLUDE "SHORT-TERM VEHICLE-SECURED LOAN" IN THE DEFINITION OF "SUPERVISED LOAN".
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12/16/20House Prefiled
12/16/20House Referred to Committee on Labor, Commerce and Industry
01/12/21House Introduced and read first time (House Journal-page 235)
01/12/21House Referred to Committee on Labor, Commerce and Industry (House Journal-page 235)



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