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Indicates Matter Stricken
Indicates New Matter
Sponsors: Rep. Brown
Document Path: l:\council\bills\nl\13774sd19.docx
Introduced in the House on January 8, 2019
Currently residing in the House Committee on Labor, Commerce and Industry
Summary: Financial institution
HISTORY OF LEGISLATIVE ACTIONS
Date Body Action Description with journal page number ------------------------------------------------------------------------------- 12/18/2018 House Prefiled 12/18/2018 House Referred to Committee on Labor, Commerce and Industry 1/8/2019 House Introduced and read first time (House Journal-page 140) 1/8/2019 House Referred to Committee on Labor, Commerce and Industry (House Journal-page 141)
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VERSIONS OF THIS BILL
TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 34-3-115 SO AS TO PROVIDE THAT IF A CUSTOMER RESIDING IN THIS STATE BY WRITTEN AFFIDAVIT CERTIFIES TO HIS STATE OR FEDERALLY CHARTERED BANK, CREDIT UNION, OR OTHER FINANCIAL INSTITUTION WHICH IS DOING BUSINESS IN THIS STATE THAT HE HAS NO PERSONAL INTERNET ACCESS, THE BANK, CREDIT UNION, OR FINANCIAL INSTITUTION MUST PROVIDE IN PAPER FORM, ALL ACCOUNT STATEMENTS AT LEAST MONTHLY, AND RELATED CORRESPONDENCE AND MAY NOT CHARGE A FEE FOR THIS SERVICE, AND TO PROVIDE CIVIL PENALTIES FOR VIOLATIONS.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Article 1, Chapter 3, Title 34 of the 1976 Code is amended by adding:
"Section 34-3-115. If a customer residing in this state by written affidavit certifies to his state or federally chartered bank, credit union, or other financial institution which is doing business in this State that he has no personal Internet access, the bank, credit union, or financial institution must provide in paper form, all account statements at least monthly, and related correspondence and may not charge a fee for this service. Any bank, credit union, or other financial institution violating the provisions of this section is subject to a civil fine not exceeding one hundred dollars for each violation which may be imposed by the governing board or entity which has jurisdiction over that bank, credit union, or financial institution. Each violation constitutes a separate offense."
SECTION 2. This act takes effect one hundred twenty days upon approval by the Governor.
This web page was last updated on February 1, 2019 at 4:55 PM