South Carolina General Assembly
111th Session, 1995-1996

Bill 3848

                    Current Status

Bill Number:                    3848
Ratification Number:            333
Act Number:                     297
Type of Legislation:            General Bill GB
Introducing Body:               House
Introduced Date:                19950322
Primary Sponsor:                Cromer 
All Sponsors:                   Cromer 
Drafted Document Number:        bbm\9760jm.95
Date Bill Passed both Bodies:   19960403
Date of Last Amendment:         19960326
Governor's Action:              U  Became law without signature of
                                Governor
Date of Governor's Action:      19960507
Subject:                        Mortgage forms, assignment of
History



Body    Date      Action Description                       Com     Leg Involved
______  ________  _______________________________________  _______ ____________

------  19960515  Act No. A297
------  19960507  Unsigned, became law without
                  signature of Governor
------  19960430  Ratified R333
House   19960403  Concurred in Senate amendment, 
                  enrolled for ratification
Senate  19960327  Read third time, returned to House
                  with amendment
Senate  19960326  Amended, read second time
Senate  19960320  Committee report: Favorable with         11 SJ
                  amendment
Senate  19950518  Introduced, read first time,             11 SJ
                  referred to Committee
House   19950518  Read third time, sent to Senate
House   19950517  Amended, read second time
House   19950516  Debate adjourned until
                  Wednesday, 19950517
House   19950511  Committee report: Favorable with         25 HJ
                  amendment
House   19950322  Introduced, read first time,             25 HJ
                  referred to Committee
View additional legislative information at the LPITS web site.

(Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.)

(A297, R333, H3848)

AN ACT TO AMEND SECTION 30-7-50, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE MANNER IN WHICH MORTGAGE ASSIGNMENTS MUST BE EXECUTED AND PROBATED, SO AS TO PROVIDE THAT ASSIGNMENT OF MORTGAGE FORMS SHALL INCLUDE THE NAME OF THE MORTGAGOR AND THE NAME AND ADDRESS OF THE MORTGAGEE AND THE BOOK, PAGE, AND DATE OF RECORDING OF THE ORIGINAL MORTGAGE AND MAY INCLUDE A TOLL-FREE NUMBER FOR THE ASSIGNEE IF SUCH A NUMBER IS AVAILABLE.

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

Information for inclusion in assignment forms

SECTION 1. Section 30-7-50 of the 1976 Code is amended to read:

"Section 30-7-50. Any assignment to be entitled to be recorded as provided in Section 30-7-40 shall be in writing and witnessed as mortgages of real property are required to be witnessed and shall not be probated when it is upon, or attached to, the original mortgage itself, but when it is upon a separate piece not attached to the original mortgage itself then it shall be probated in the same way as is now provided by law for the probating of mortgages of real property. Assignment of mortgage forms shall include the name of the mortgagor and the name and address of the mortgagee and the book, page, and date of recording of the original mortgage, and may include a toll free number for the assignee if such a number is available."

Time effective

SECTION 2. This act takes effect ninety days after approval by the Governor.

Became law without the signature of the Governor -- 5/7/96.