South Carolina Legislature


Session 111 - (1995-1996)Printer Friendly
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H 4113 General Bill, By Cotty and J.H. Hodges
    A Bill to amend Section 29-3-680, Code of Laws of South Carolina, 1976, relating to mortgages and deeds of trust, foreclosure, and application for order of appraisal, so as to provide, among other things, that, except in any real estate foreclosure proceeding relating to a dwelling place or to a consumer credit transaction, a defendant against whom a personal judgment may be taken on a real estate secured transaction may waive appraisal rights if the debtors, makers, borrowers, and/or guarantors are notified in writing before the transaction that a waiver of appraisal rights will be required and upon signing a certain statement during the transaction; and to amend Section 29-3-700, relating to mortgages and deeds of trust, foreclosure, and the order for appraisal be conducted by three disinterested state certified general real estate appraisers, rather than "three disinterested freeholders of the county in which the property is located".
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04/12/95House Introduced and read first time HJ-53
04/12/95House Referred to Committee on Judiciary HJ-53
05/18/95House Committee report: Favorable Judiciary HJ-33
05/24/95House Objection by Rep. Scott & Lloyd HJ-15
05/24/95House Amended HJ-15
05/24/95House Objection by Rep. Govan, White & Cave HJ-16
05/25/95House Objection withdrawn by Rep. Scott, Lloyd, Govan, & White HJ-66
05/25/95House Read second time HJ-66
05/25/95House Unanimous consent for third reading on next legislative day HJ-66
05/26/95House Read third time and sent to Senate HJ-2
05/29/95Senate Introduced and read first time SJ-9
05/29/95Senate Referred to Committee on Judiciary SJ-9
03/20/96Senate Committee report: Favorable Judiciary SJ-20

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