Facts & Statistics
BY THE NUMBERS: VEHICLE FINANCING AND PERSONAL LENDING IN SOUTH CAROLINA
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| STATE FACTS |
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| At the Riverbanks Zoological Park in Columbia, more than 2,000 animals thrive in recreated natural habitats with no bars or cages. |
| Myrtle Beach is the center of the Grand Strand, a 60-mile crescent of beach on the South Carolina coast. Myrtle Beach has developed into one of the premier resort destinations on the East Coast. |
| The first battle of the Civil War took place at Fort Sumter. |
Government
| ELECTED OFFICIALS | |
| Governor |
Harry McMaster (R) |
| Lieutenant Governor | Pamela Evette (R) |
| Attorney General | Alan Wilson (D) |
| Secretary of State | Mark Hammond (R) |
| State Senate Control | R – 34; D – 12 |
| State House Control | R – 88; D – 35; Vacant – 1 |
Legislative Process
| LEGISLATIVE DATES AND DEADLINES | |
| Convenes | January 14, 2025 |
| Sine Die Adjournment | May 8, 2025 |
| Committee Action Deadlines | N/A |
| Crossover Deadline | None |
| Carryover from Previous Session | No |
| Governor’s Signing Deadline (in session) | Five days, Sundays excepted |
| Governor’s Signing Deadline (after adjournment) | Two days after the next meeting of the legislature |
| Veto Override | 2/3 majority |
| Legislation Effective Date | 20th day after approval by the governor |
Notable Laws & Legislation
SAFE Act
- SC SB 673 (now S.C. Code Ann. Title 37, c. 22; Title 40, c. 58)
- HUD review of South Carolina’s SAFE Act
Security Breach Notification Law
Enforcement
No Recent AG Enforcement
Regulatory Actions
Featured Regulations
Regulatory Guidelines
- SC Attorney General Opinion – Third-Party Convenience Fees (February 2020)
- SC Department of Consumer Affairs – Third Party Payment Processing Fees (December 2017)
- SC Department of Consumer Affairs Memo – Declaratory Ruling No. 3.202-7608 Review (February 2017)
- SC Department of Consumer Affairs – Administrative Interpretation 3.109,503-1603 re: Supervised Loan Location
- SC Department of Consumer Affairs Memo – Motor Vehicle Closing Fee Law Amendments (June 2016)
- SC Department of Consumer Affairs – New GAP Waiver Law (December 2015)
- SC Department of Consumer Affairs – Declaratory Ruling No. 3.202-7608 (October 1976)
Advocacy, Initiatives & Reports
AFSA Comment Letters
- South Carolina Sb 518 – 36% All-In Rate Cap (March 3, 2023)
- South Carolina Consumer Financial Division Work From Home Authorization (July 6, 2020)
- South Carolina Department of Consumer Affairs Work From Home Authorization (July 3, 2020)
- South Carolina Draft Guidance – Third Party Payment Processing Fees (January 26, 2018)
- South Carolina Review of Ancillary Product Declaratory Ruling (April 28, 2017)
Advocacy / Initiatives
- 11 State Amicus Brief re: Constitutionality of the CFPB (November 2019)
- 50 States & DC Letter to FCC re: Robocalls (August 2019)
- 12 States Amicus Brief re: Constitutionality of CFPB (July 2019)
- 50 States & DC Letter to Education Department re: Student Loans for Disabled Veterans (May 2019)
- 41 States & DC Letter to FCC re: Robocalls (May 2019)
- 13 State AGs brief supporting President Trump’s authority to appoint CFPB head(March 2018)
- 13 State AGs Brief in support of acting CFPB Director (December 2017)
- 36 State AGs Letter– Credit Freeze Fees (October 2017)
- 43 State AGs Letter – Major Data Breach (September 2017)
Initiatives
Trade Associations
- South Carolina Financial Services Association
Political Geography
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