A BILL
TO AMEND PART 34-29-140, AS AMENDED, LAWS OF STATUTES OF SC, 1976, ASSOCIATED WITH COSTS ALLOWED ALONGSIDE PROVISIONS GRANTED IN CONSUMER FUNDS TRANSACTIONS, SO AS TO EXCLUDE « PAYDAY LOANS », NAMED DEFERRED PRESENTMENT DEALS; TO AMEND PART 34-39-140, ASSOCIATED WITH APPLICATION OF THE ARRANGEMENTS NEEDING CERTIFICATION OF ONE ENGAGED IN THE BUSINESS OF DEFERRED PRESENTMENT PURCHASES, IN ORDER TO MAKE THE PROVISIONS RELEVANT TO YOU TRULY ENGAGED IN THAT BUSINESSES WHILE PURPORTING TO BEHAVE AS AN ENTITY THAT COULD NEVER BE EXPECTED OTHERWISE TO GET CERTIFIED; TO AMEND PART 34-39-180, RELATING TO LIMITS AND DEMANDS FOR DEFERRED PRESENTMENT, SO AS TO REDUCE NUMBERS IN ADDITION TO NUMBER OF A DEAL FOR EACH AND EVERY CUSTOMER ALSO TO cover THE ANNUAL INTEREST CHARGEABLE IN A DEFERRED PRESENTMENT PURCHASE TO THIRTY-SIX PER CENT; TO AMEND POINT 34-39-200, RELATING TO LIMITATIONS ON CERTIFICATES, SO AS TO RESTATE THE MAXIMUM OF JUST ONE DEAL WITH A PERSON AT A TIME; TO AMEND AREA 37-3-201, CONCERNING THE ALLOWABLE FINANCING FUND FEE FOR BUYERS FINANCING, AND AREA 37-3-305, AS AMENDED, CONCERNING THE PUBLISHING OF A MAX RATES PLAN FOR CUSTOMERS FINANCIAL LOANS, BOTH TO EXCLUDE SPECIFIC APPLICABILITY TO A DEFERRED PRESENTMENT TRANSACTION. Continuer la lecture de Fees on debts must be calculated and compensated only as a percentage regarding the outstanding major balances