H 4039 General Bill, By Stewart, Koon, G.M. Smith, Simrill, Whipper, Bailey, 
Branham, Clark, Coates, Govan, Harrison, Hayes, Hosey, Mahaffey, Martin, McCraw, 
McGee, Moody-Lawrence, J.H. Neal, Owens, Perry, Pinson, Rivers, Sinclair, 
D.C. Smith, F.N. Smith, J.R. Smith, Snow, Umphlett, Viers, Wilkins and 
Witherspoon
 A BILL TO AMEND CHAPTER 2, TITLE 37, CODE OF LAWS OF SOUTH CAROLINA, 1976,
 RELATING TO LIMITATIONS ON AGREEMENTS AND PRACTICES IN CONNECTION WITH
 CONSUMER CREDIT SALES, BY ADDING SECTION 37-2-418 SO AS TO PROHIBIT THE
 ISSUANCE AND DISTRIBUTION OF A SELLER CREDIT CARD BY A CREDIT CARD ISSUER
 WITHOUT A SIGNED, WRITTEN REQUEST FOR CARD OWNERSHIP BY THE PROSPECTIVE CREDIT
 CARD OWNER; AND TO AMEND CHAPTER 3, TITLE 37, RELATING TO LIMITATIONS ON
 CONSUMER LOAN AGREEMENTS, BY ADDING SECTION 37-3-418 SO AS TO PROHIBIT THE
 ISSUANCE AND DISTRIBUTION OF A LENDER CREDIT CARD BY A CREDIT CARD ISSUER
 WITHOUT A SIGNED, WRITTEN REQUEST FOR CARD OWNERSHIP BY THE PROSPECTIVE CREDIT
 CARD OWNER.

   04/23/03  House  Introduced and read first time HJ-42
   04/23/03  House  Referred to Committee on Labor, Commerce and
                     Industry HJ-42

TO AMEND CHAPTER 2, TITLE 37, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO LIMITATIONS ON AGREEMENTS AND PRACTICES IN CONNECTION WITH CONSUMER CREDIT SALES, BY ADDING SECTION 37-2-418 SO AS TO PROHIBIT THE ISSUANCE AND DISTRIBUTION OF A SELLER CREDIT CARD BY A CREDIT CARD ISSUER WITHOUT A SIGNED, WRITTEN REQUEST FOR CARD OWNERSHIP BY THE PROSPECTIVE CREDIT CARD OWNER; AND TO AMEND CHAPTER 3, TITLE 37, RELATING TO LIMITATIONS ON CONSUMER LOAN AGREEMENTS, BY ADDING SECTION 37-3-418 SO AS TO PROHIBIT THE ISSUANCE AND DISTRIBUTION OF A LENDER CREDIT CARD BY A CREDIT CARD ISSUER WITHOUT A SIGNED, WRITTEN REQUEST FOR CARD OWNERSHIP BY THE PROSPECTIVE CREDIT CARD OWNER.

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

SECTION    1.    Chapter 2, Title 37 of the 1976 Code is amended by adding:

"Section 37-2-418.    A credit card issuer may not issue or distribute a seller credit card to a prospective credit card owner unless the prospective credit card owner has personally solicited the issuance or distribution in a signed writing. The issuance or distribution of the seller credit card must be accompanied by a copy of the written, signed solicitation."

SECTION    2.    Chapter 3, Title 37 of the 1976 Code is amended by adding:

"Section 37-3-418.    A credit card issuer may not issue or distribute a lender credit card to a prospective credit card owner unless the prospective credit card owner has personally solicited the issuance or distribution in a signed writing. The issuance or distribution of the lender credit card must be accompanied by a copy of the written, signed solicitation."

SECTION    3.    This act takes effect upon approval by the Governor.