South Carolina General Assembly
125th Session, 2023-2024

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H. 4463

STATUS INFORMATION

General Bill
Sponsors: Rep. Forrest
Document Path: LC-0325SA23.docx

Introduced in the House on May 9, 2023
Labor, Commerce and Industry

Summary: HVAC Repossession

HISTORY OF LEGISLATIVE ACTIONS

Date Body Action Description with journal page number
5/9/2023 House Introduced and read first time (House Journal-page 15)
5/9/2023 House Referred to Committee on Labor, Commerce and Industry (House Journal-page 15)

View the latest legislative information at the website

VERSIONS OF THIS BILL

05/09/2023



 

 

 

 

 

 

 

 

A bill

 

TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY ADDING SECTION 37-5-120 SO AS TO PROVIDE THAT A CONTRACTOR OR COMPANY MAY REPOSSESS ANY AND ALL REMOVABLE EQUIPMENT UNDER CERTAIN CIRCUMSTANCES.

 

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

 

SECTION 1.  Part 1, Chapter 5, Title 37 of the S.C. Code is amended by adding:

 

    Section 37-5-120.  (A) A contractor or company that provides and installs any and all removable equipment that is marked with UCC identification information, model numbers, serial numbers, identification codes, or other similar markings that identify a particular piece of equipment from the same or similar equipment made by a particular manufacturer to a consumer through a consumer credit transaction may repossess the installed removable equipment from a consumer who defaults on an agreement by failing to make the required payment.

    (B) The contractor or company may not repossess this installed removable equipment without providing proper notice and the opportunity for the consumer to cure the default pursuant to the provisions of Sections 37-5-110 and 37-5-111. Failure to provide notice and an opportunity to cure renders the repossession void and the contractor or company can be found liable for conversion by a court with competent jurisdiction.

 

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

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This web page was last updated on May 9, 2023 at 1:34 PM