South Carolina House Bill 4749 (Prior Session Legislation)

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Spectrum: Moderate Partisan Bill (Democrat 7-1)
Status: Introduced on January 14 2020 - 25% progression, died in committee
Action: 2020-02-26 - Member(s) request name added as sponsor: Jefferson
Pending: House Labor, Commerce and Industry Committee
Text: Latest bill text (Introduced) [HTML]

Amend The Code Of Laws Of South Carolina, 1976, By Adding Chapter 33 To Title 37 Entitled The "south Carolina Predatory Practice Protection Act" So As To Prohibit An Agent Of A For-profit College From Advertising Without Providing Certain Information, To Require The South Carolina Department Of Consumer Affairs To Conduct An Annual Audit Of A For-profit College, To Provide That The Debt A Student Incurs At A For-profit College Cannot Be Used Against A Public College Or Technical School For Accreditation Purposes, To Require A Short-term Loan Lender To Provide A Financial Literacy Course Before Making A Short-term Loan Or Undertaking Collection Actions After A Default On A Short-term Loan, To Require A Lender To Establish A Good Faith Belief That The Borrower Can Afford The Short-term Loan Based On Certain Factors, To Set A Limit For The Annual Percentage Rate For A Short-term Loan, And To Provide Penalties.

SC Predatory Practice Protection Act

Rep. JA Moore [D]	Rep. Lonnie Hosey [D]	Rep. Marvin Pendarvis [D]	Rep. William Wheeler [D]
Rep. Seth Rose [D]	Rep. Leola Robinson-Simpson [D]	Rep. Mark Willis [R]	Rep. Joseph Jefferson [D]

Date	Chamber	Action
2020-02-26	House	Member(s) request name added as sponsor: Jefferson
2020-01-28	House	Member(s) request name added as sponsor: Rose, Robinson, Willis
2020-01-15	House	Member(s) request name added as sponsor: Wheeler
2020-01-14	House	Referred to Committee on Labor, Commerce and Industry
2020-01-14	House	Introduced and read first time
2019-11-20	House	Referred to Committee on Labor, Commerce and Industry
2019-11-20	House	Prefiled

Type	Source
Summary	https://www.scstatehouse.gov/billsearch.php?billnumbers=4749&session=123&summary=B
Text	https://www.scstatehouse.gov/sess123_2019-2020/prever/4749_20191120.htm