South Carolina General Assembly
110th Session, 1993-1994

Bill 4983

Indicates Matter Stricken
Indicates New Matter 

                    Current Status

Introducing Body:               House
Bill Number:                    4983
Primary Sponsor:                Harrison
Type of Legislation:            GB
Subject:                        Mortgages, satisfaction of
Residing Body:                  House
Date Tabled:                    19940531
Computer Document Number:       GJK/20688SD.94
Introduced Date:                19940329
Last History Body:              House
Last History Date:              19940531
Last History Type:              Tabled
Scope of Legislation:           Statewide
All Sponsors:                   Harrison
Type of Legislation:            General Bill
History


Bill  Body    Date          Action Description              CMN  Leg Involved
____  ______  ____________  ______________________________  ___  ____________

4983  House   19940531      Tabled
4983  House   19940526      Debate adjourned until
                            Tuesday, 19940531
4983  House   19940518      Committee Report: Favorable     25
4983  House   19940329      Introduced, read first time,    25
                            referred to Committee
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COMMITTEE REPORT

May 18, 1994

H. 4983

Introduced by REP. Harrison

S. Printed 5/18/94--H.

Read the first time March 29, 1994.

THE COMMITTEE ON JUDICIARY

To whom was referred a Bill (H. 4983), to amend Section 29-3-330, Code of Laws of South Carolina, 1976, relating to the methods of entering satisfaction of mortgages, etc., respectfully

REPORT:

That they have duly and carefully considered the same, and recommend that the same do pass:

JAMES H. HODGES, for Committee.

A BILL

TO AMEND SECTION 29-3-330, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE METHODS OF ENTERING SATISFACTION OF MORTGAGES, SO AS TO PERMIT SATISFACTION OF MORTGAGES RECORDED IN COUNTERPARTS BY SATISFACTIONS EXECUTED IN COUNTERPARTS.

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

SECTION 1. Section 29-3-330 of the 1976 Code is amended by adding a new item to be appropriately lettered to read:

"( ) If the mortgage, deed of trust, or other written instrument was recorded in counterparts, the original of the instrument need not be presented and the satisfaction of it may be evidenced by an instrument of satisfaction, release or discharge, which may be executed in counterparts, executed by the mortgagee, the holder of the mortgage, the legal representative, or the attorney-in-fact. Upon presentation of the instrument of satisfaction, release, or discharge, or a counterpart of it, the officer or his deputy having charge of the recording of instruments shall record the same."

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

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