2023-2024 Regular Session • South Carolina Legislature
H3572: Interest rate limit
Legislative Summary
Amend The South Carolina Code Of Laws By Amending Section 34-39-180, Relating To Restrictions And Requirements For Deferred Presentment Or Deposit Of Check, So As To Provide That The Effective Annual Percentage Rate Charged On A Deferred Presentment Transaction Cannot Exceed Thirty-six Percent.
Demographic Impact
Overall analysis of equity impact
80% Positive
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Bill History
12/15/2022
Prefiled
House of Representatives
12/15/2022
Referred to Committee on Labor, Commerce and Industry
House of Representatives
1/10/2023
Introduced and read first time
House of Representatives
1/10/2023
Referred to Committee on Labor, Commerce and Industry
House of Representatives
Status Information
Current Status
Introduced(12/15/2022)
Chamber
House of Representatives
Committee
Labor, Commerce and Industry(House of Representatives)
Sine DiePrior Session
Sponsors
Democrat: 1
Primary Sponsor
Ivory Thigpen
Democrat