S 0371 General Bill, By Thomas
Summary: Closing agent defined
    A BILL TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 27-1-65 SO AS TO DEFINE THE TERM "CLOSING AGENT", AND TO REQUIRE A CLOSING AGENT WHEN DETERMINING THE CHAIN OF TITLE FOR REAL PROPERTY BEING SOLD TO VERIFY AND DISCLOSE IN WRITING TO THE BUYER WHETHER A STRUCTURE EXISTING ON THE PROPERTY WAS BUILT BY AN OWNER OF THE PROPERTY WITHOUT A LICENSED CONTRACTOR PURSUANT TO SECTION 40-59-260; AND TO AMEND SECTION 27-50-40, AS AMENDED, RELATING TO THE CONTENTS OF RESIDENTIAL PROPERTY CONDITION DISCLOSURE STATEMENTS, SO AS TO PROVIDE THESE STATEMENTS MUST INCLUDE WHETHER THE SUBJECT PROPERTY INCLUDES A STRUCTURE BUILT BY AN OWNER OF THE PROPERTY FOR HIS OWN USE WITHOUT A LICENSED CONTRACTOR PURSUANT TO SECTION 40-59-260.
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01/18/11	Senate	Introduced and read first time (Senate Journal-page 2)
01/18/11	Senate	Referred to Committee on Judiciary (Senate Journal-page 2)
01/09/12	Senate	Referred to Subcommittee: Malloy (ch), Ford, Massey, S.Martin