COMMITTEE REPORT

April 17, 2012

S. 1108

Introduced by Senators Leventis, Hutto, Williams, Elliott, Matthews, O'Dell and Ford

S. Printed 4/17/12--S.

Read the first time January 17, 2012.

To whom was referred a Bill (S. 1108) to amend the Code of Laws of South Carolina, 1976, by adding Section 37-3-414 so as to provide that a violation of federal law as to certain, etc., respectfully

That they have duly and carefully considered the same and recommend that the same do pass with amendment:

Amend the bill, as and if amended, by adding an appropriately numbered SECTION to read:

/        SECTION    ___.    Chapter 39, Title 34 of the 1976 Code is amended by adding:

"Section 34-39-205.    Notwithstanding another provision of this chapter, a violation of a provision of Section 670 of the John Warner National Defense Authorization Act for Fiscal Year 2007, Public Law 109-364, or a regulation adopted pursuant to it is a violation of this chapter."        /

Renumber sections to conform.

Amend title to conform.

DAVID L. THOMAS for Committee.

TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 37-3-414 SO AS TO PROVIDE THAT A VIOLATION OF FEDERAL LAW AS TO CERTAIN CONSUMER LOAN TRANSACTIONS IS A VIOLATION OF STATE LAW.

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

SECTION    1.    Part 4, Chapter 3, Title 37 of the 1976 Code is amended by adding:

"Section 37-3-414.    Notwithstanding another provision of this chapter, a violation of a provision of Section 670 of the John Warner National Defense Authorization Act for Fiscal Year 2007, Public Law 109-364, or a regulation adopted pursuant to it is a violation of this chapter."

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