H 3627 South Carolina House · 2019-2020 Regular Session

Mortgage

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.
Bill status in committee 1 of 4 stages cleared
Introduction
Jan 2019
Committee Review
Floor Vote
Governor
Introduced Jan 16, 2019 Last action Jan 16, 2019
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Full legislative history

Actions timeline

Total actions
2
Key actions
0
Committee
1
Jan 16, 2019
House · Referred to committee
Referred to Committee on Labor, Commerce and Industry
Jan 16, 2019
House · Introduced
Introduced and read first time
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Chris Hart
Chris Hart
DDemocratic
SC
73