S 0815 General Bill, By Giese, Bryan, Cork, Courtney, Gregory, Jackson, Martin, 
Patterson, L.E. Richter, Ryberg and Wilson
 A Bill to amend Chapter 1, Title 37, Code of Laws of South Carolina, 1976,
 relating to general provisions and definitions in the Consumer Protection
 Code, by adding Section 37-1-410 so as to provide that if the completeness or
 accuracy of an item of information contained in a file of a consumer credit
 reporting agency regarding a consumer is disputed by the consumer, and the
 consumer directly conveys in writing to the agency his dispute, the consumer
 credit reporting agency shall reinvestigate within thirty days that
 information, record the current status of the information, and correct the
 information if the reinvestigation determines that the earlier information was
 inaccurate, incorrect, or incomplete.

   06/01/93  Senate Introduced and read first time SJ-42
   06/01/93  Senate Referred to Committee on Banking and Insurance SJ-42

A BILL

TO AMEND CHAPTER 1, TITLE 37, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO GENERAL PROVISIONS AND DEFINITIONS IN THE CONSUMER PROTECTION CODE, BY ADDING SECTION 37-1-410 SO AS TO PROVIDE THAT IF THE COMPLETENESS OR ACCURACY OF AN ITEM OF INFORMATION CONTAINED IN A FILE OF A CONSUMER CREDIT REPORTING AGENCY REGARDING A CONSUMER IS DISPUTED BY THE CONSUMER, AND THE CONSUMER DIRECTLY CONVEYS IN WRITING TO THE AGENCY HIS DISPUTE, THE CONSUMER CREDIT REPORTING AGENCY SHALL REINVESTIGATE WITHIN THIRTY DAYS THAT INFORMATION, RECORD THE CURRENT STATUS OF THE INFORMATION, AND CORRECT THE INFORMATION IF THE REINVESTIGATION DETERMINES THAT THE EARLIER INFORMATION WAS INACCURATE, INCORRECT, OR INCOMPLETE.

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

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

Section 37-1-410. (A) If the completeness or accuracy of an item of information contained in a file of a consumer credit reporting agency regarding a consumer is disputed by the consumer, and the consumer directly conveys in writing to the agency his dispute, the consumer credit reporting agency shall reinvestigate within thirty days that information, record the current status of the information, and correct the information if the reinvestigation determines that the earlier information was inaccurate, incorrect, or incomplete.

(B) The provisions of this section apply to all consumer credit reporting agencies regardless of whether or not the credit transaction giving rise to the report is governed or regulated by the Consumer Protection Code."

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