Current Status Bill Number:69 Type of Legislation:General Bill GB Introducing Body:Senate Introduced Date:19950110 Primary Sponsor:McConnell All Sponsors:McConnell, Rose, O'Dell, Giese Drafted Document Number:BBM\9016JM.94 Residing Body:Senate Current Committee:Judiciary Committee 11 SJ Subject:Monetary items, debt collection
Body Date Action Description Com Leg Involved
______ ________ _______________________________________ _______ ____________
Senate 19950110 Introduced, read first time, 11 SJ
referred to Committee
Senate 19941003 Prefiled, referred to Committee 11 SJ
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TO PROVIDE FOR THE RECOVERY OF CERTAIN MONETARY ITEMS BY A PERSON COLLECTING A DEBT.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Notwithstanding any other provision of law, a person collecting an ordinary debt, either by a valid written contract or by the performance of an enforceable oral contract, shall be entitled to:
(1) the agreed-upon price;
(2) late charges to be assessed at one percent per annum per month compounded monthly;
(3) costs, including time expended going to and from court and appearing in court to collect the debt; and
(4) lost wages, if any, as a result of going to and from court and for appearing in court to collect the debt and for filing any defense as may be necessary in the action to collect the debt.
SECTION 2. This act takes effect upon approval by the Governor.