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Current Status Bill Number:View additional legislative information at the LPITS web site.922 Type of Legislation:General Bill GB Introducing Body:Senate Introduced Date:20000111 Primary Sponsor:Reese All Sponsors:Reese, O'Dell, Grooms Drafted Document Number:l:\council\bills\nbd\11522mm00.doc Residing Body:Senate Current Committee:Banking and Insurance Committee 02 SBI Subject:Consumer credit sales, loans; credit cards not to be advertised on college campuses; Banks and Savings and Loans History Body Date Action Description Com Leg Involved ______ ________ ______________________________________ _______ ____________ Senate 20000119 Co-Sponsor added by Senator Grooms Senate 20000111 Introduced, read first time, 02 SBI referred to Committee Senate 19990921 Prefiled, referred to Committee 02 SBI Versions of This Bill
TO AMEND CHAPTER 2, TITLE 37, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO LIMITATIONS ON AGREEMENTS AND PRACTICES IN CONNECTION WITH CONSUMER CREDIT SALES BY ADDING SECTION 37-2-418, SO AS TO PROHIBIT THE DISTRIBUTION OF APPLICATIONS AND ADVERTISING AND ANY OTHER FORM OF SOLICITATION FOR OWNERSHIP OF A SELLER CREDIT CARD BY A CREDIT CARD ISSUER ON THE CAMPUS OF A PUBLIC INSTITUTION OF HIGHER LEARNING IN THE STATE; AND TO AMEND CHAPTER 3, TITLE 37, RELATING TO LIMITATIONS ON CONSUMER LOAN AGREEMENTS, BY ADDING SECTION 37-3-418 SO AS TO PROHIBIT THE DISTRIBUTION OF APPLICATIONS AND ADVERTISING AND ANY OTHER FORM OF SOLICITATION FOR OWNERSHIP OF A LENDER CREDIT CARD BY A CREDIT CARD ISSUER ON THE CAMPUS OF A PUBLIC INSTITUTION OF HIGHER LEARNING IN THE STATE.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Chapter 2, Title 37 of the 1976 Code is amended by adding:
"Section 37-2-418. A credit card issuer may not distribute applications and advertising and any other form of solicitation for ownership of a seller credit card on the campus of a public institution of higher learning in the State."
SECTION 2. Chapter 3, Title 37 of the 1976 Code is amended by adding:
"Section 37-3-418. A credit card issuer may not distribute applications and advertising and any other form of solicitation for ownership of a lender credit card on the campus of a public institution of higher learning the State."
SECTION 3. This act takes effect upon approval by the Governor.
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