SC S 488
in committeeUnfair Trade Lending Practices
South Carolina · 2026 Regular Session · upper
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Quick answers
Did SC S 488 pass?
Not yet. SC S 488 is in committee and has not come to a final vote. Latest recorded action (2025-03-25): Referred to Committee on Labor, Commerce and Industry
What is SC S 488 about?
A BILL TO 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.
Who sponsors SC S 488?
Davis, Sutton are the primary sponsors of SC S 488.
Description
A BILL TO 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.
- Introduced
- 2025-03-25
- Latest action
- 2025-03-25 — Referred to Committee on Labor, Commerce and Industry
- Bill type
- bill
- Last updated
- —
Sponsors
- Davisprimary
- Suttonprimary
Committees
Not provided by source.
Action timeline
Newest first
2025-03-25
Referred to Committee on Labor, Commerce and Industry
referral-committee
2025-03-25
Introduced and read first time
introduction,reading-1
Versions
Documents
Votes
Not provided by source.
Related bills
No related bills recorded for this bill.
Official source
Attribution
Data from openstates_bulk_csv, retrieved 2026-07-24T05:32:06.227230Z
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Known limitations
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