South Carolina General Assembly
112th Session, 1997-1998

Bill 4906

Indicates Matter Stricken
Indicates New Matter 

                    Current Status

Bill Number:                    4906
Type of Legislation:            General Bill GB
Introducing Body:               House
Introduced Date:                19980326
Primary Sponsor:                Byrd
All Sponsors:                   Byrd, Cobb-Hunter, Kennedy,
                                Inabinett, Lloyd, Stoddard, Scott,
                                Howard, Bailey, Gourdine,
                                Moody-Lawrence and Simrill 
Drafted Document Number:        bbm\9799jm.98
Residing Body:                  House
Current Committee:              Labor, Commerce and Industry
                                Committee 26 HLCI
Subject:                        Consumer credit reporting agency,
                                credit risk or bad credit; individual
                                to be notified; Consumer Affairs
History

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

House   19980326  Introduced, read first time,             26 HLCI
                  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.)

A BILL

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 REQUIRE A PERSON OR BUSINESS THAT SUBMITS TO A CONSUMER CREDIT REPORTING AGENCY AN INDIVIDUAL'S NAME AS A CREDIT RISK OR AS HAVING BAD CREDIT TO NOTIFY THE INDIVIDUAL OF THAT FACT IN WRITING, AND TO PROVIDE A CRIMINAL PENALTY FOR FAILURE TO COMPLY WITH THIS SECTION.

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:

"Part 4

Reports to Consumer Credit Reporting Agencies

Section 37-1-410. (A) A person or business that submits to a consumer credit reporting agency an individual's name as a credit risk or as having bad credit shall promptly notify the individual of that fact in writing by United States mail, return receipt requested. The notification must contain the name, address, and telephone number of the consumer credit reporting agency and the reason for submitting the individual's name as a credit risk or as having bad credit.

(B) A person or business that fails to comply with the provisions of subsection (A) is guilty of a misdemeanor and, upon conviction, must be punished by a fine of one thousand dollars."

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

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