SC H4533 | 2009-2010 | 118th General Assembly
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on February 4 2010 - 25% progression, died in committee
Action: 2010-02-04 - Referred to Committee on Labor, Commerce and Industry HJ-22
Pending: House Labor, Commerce and Industry Committee
Status: Introduced on February 4 2010 - 25% progression, died in committee
Action: 2010-02-04 - Referred to Committee on Labor, Commerce and Industry HJ-22
Pending: House Labor, Commerce and Industry Committee
Summary
A BILL TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 29-1-60 SO AS TO PROVIDE NOTWITHSTANDING ANOTHER PROVISION OF LAW OR CONTRACT, WHEN A MORTGAGEE MAKES A PAYMENT ON A LOAN SECURED BY A MORTGAGE, THE MORTGAGOR SHALL APPLY AT LEAST THIRTY PERCENT OF THE PAYMENT RECEIVED TOWARD THE PRINCIPAL BALANCE OF THE LOAN SECURED BY THE MORTGAGE, AND TO PROVIDE A PENALTY.
Title
Provide Notwithstanding Another Provision Of Law Or Contract, When A Mortgagee Makes A Payment On A Loan Secured By A Mortgage, The Mortgagor Shall Apply At Least Thirty Percent Of The Payment Received Toward The Principal Balance Of The Loan Secured By The Mortgage, And To Provide A Penalty.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2010-02-04 | Referred to Committee on Labor, Commerce and Industry HJ-22 | |
| 2010-02-04 | Introduced and read first time HJ-21 |
Code Citations
South Carolina State Sources
| Type | Source |
|---|---|
| Summary | https://www.scstatehouse.gov/cgi-bin/web_bh10.exe?bill1=4533&session=118 |
