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Home » S.C. governor signs League-backed bill into law
CU System

S.C. governor signs League-backed bill into law

July 22, 2022
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South Carolina Gov. Henry McMaster signed H. 3279, a Carolinas Credit Union League-backed bill, into law. H. 3729 combats the predatory practice of bad actors in the towing industry who do not send proper notice to all interested parties of a vehicle in their possession, running up excessive storage fees.

For credit unions, this bill defines and limits the number of days a storage company may charge before certified notification is sent to the lienholder.

“No matter how much a bill can appear to be just common sense, the SC General Assembly never makes things easy,” said Carolinas League Vice President of Governmental Affairs Billy Boylston. “I’ve seen good bills die and bad bills pass—but they got it right this time. This bill is the culmination of a lot of hard work from credit unions, lawmakers, and the advocacy team here at the League. I am thankful to Governor McMaster for signing the bill, and seeing this become law.”

This issue has impacted federal and state credit unions and the consumers to which these costs are passed.

Credit Union Magazine: Spring 2023

Spring 2023

Credit Union Magazine’s Spring 2023 issue features the 2023 Credit Union Heroes and examines CUNA-League advocacy priorities, board leadership, the impact of financial well-being efforts, fee-related compliance issues, predictions for the year ahead, and more.
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