S0488Introduced in the Senate
Unfair Trade Lending Practices
Introduced by Thomas Davis, District 46
What does this bill do?
Plain-English breakdown
Writing a plain-English summary of this bill… this can take a few seconds the first time.
Official description
Amend The South Carolina Code Of Laws By Adding Section 39-5-30 So As To Make It Unlawful For Any Person Providing A Consumer Installment Loan Or Deferred Presentment Loan To Engage In Predatory Consumer Loan Practices; And By Adding Section 37-3-516 So As To Create A Database Through The Consumer Finance Division Of The Board Of Financial Institutions To Collect Data And To Prevent A Person From Having A Supervised Or Restricted Loan Transaction That Exceeds The Limits For Refinancing Loans.
Where it stands
Referred to Committee on Labor, Commerce and Industry
March 25, 2025
How did lawmakers vote?
No recorded vote is available for this bill yet.
What do people think?
Citizen Voice
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Bill history
Introduced and read first time
Referred to Committee on Labor, Commerce and Industry
Verify the information
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