South Carolina · 2025-2026 Regular Session · Bill
S 780: Consumer Home Loans
Enacted Official data
- Introduced
- In committee
- Passed one chamber
- Passed both chambers
- Enacted
Last official action: ·Record last updated:
Plain-language summary
S 780 is a bill introduced in the South Carolina Senate on January 13, 2026. According to its official title, it concerns: Consumer Home Loans. Primary sponsor: Mike Gambrell (Republican). Most recent recorded action (May 27, 2026): Act No. 171.
Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written
Official summary
Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.
AN ACT TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 37-23-20, RELATING TO HIGH-COST AND CONSUMER HOME LOANS DEFINITIONS, SO AS TO PROVIDE THAT THE CONVENTIONAL MORTGAGE RATE MEANS THE AVERAGE PRIME OFFER RATE. - RATIFIED TITLE
Sponsors
Sponsors by party (alphabetical): Republican 1
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| Mike Gambrell | Primary sponsor | Republican | Senate | 4 |
“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.
Recent official actions
- Act No. 171
- Effective date 05/18/26
- Signed By Governor
- Ratified R 150
- Read third time and enrolled
- Unanimous consent for third reading on next legislative day
- Roll call Yeas-98 Nays-0
- Read second time
- Debate adjourned
- Debate adjourned until Wed., 5-6-26
- Scrivener's error corrected
- Committee report: Favorable Labor, Commerce and Industry
Showing 12 most recent of 20 actions. Full history