Current Status Introducing Body:
SenateBill Number: 815Primary Sponsor: GieseCommittee Number: 02Type of Legislation: GBSubject: Consumer credit reporting agenciesResiding Body: SenateComputer Document Number: DKA/4784SD.93Introduced Date: 19930601Last History Body: SenateLast History Date: 19930601Last History Type: Introduced, read first time, referred to CommitteeScope of Legislation: StatewideAll Sponsors: Giese Richter Courtney Patterson Jackson Wilson Ryberg Cork Bryan Gregory MartinType of Legislation: General Bill
Bill Body Date Action Description CMN Leg Involved ____ ______ ____________ ______________________________ ___ ____________ 815 Senate 19930601 Introduced, read first time, 02 referred to CommitteeView additional legislative information at the LPITS web site.
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.