Whoa, stop the presses
May 21, 2009 | South Carolina, The State, industry, regulation | Comments (2)S..C. amended and sent to the House a payday lending bill. From the story:
The Senate vote for passage, 41-4, broke a four-month long General Assembly impasse.
Sen. Joel Lourie, D-Richland, a co-sponsor of the compromise amendment that broke impasse, said he expects the House of Representatives to accept the Senate version of the bill, without a need for further action.
If that happens, the bill would go downstairs for the governor to sign or veto.
The compromise raises the maximum payday loan amount to $550 from $350, and limits outstanding loans to one at a time by way of a database that will track borrowers.
We’re trying to learn if the House had time to pass it. They were supposed to adjourn at 5:00.
Update: The House then signed off on it 102-6.
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it passed house 102-6
http://www.thestate.com/statewire/story/795890.html