South Carolina 126th General Assembly Status: Enacted

S 0780 — 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

Last action — Act No. 171

  1. ✓
    Introduced
  2. ✓
    In Committee
  3. ✓
    Passed Senate
  4. ✓
    Passed House
  5. ✓
    To Executive
  6. 6
    Enacted

This bill has been enacted into law. Introduced January 13, 2026. Enacted.

Signed by Governor Henry McMaster (Republican) on May 18, 2026.

Odds of enactment

High chance

Based on the sponsor, cosponsors, and committee posture, this bill has a high chance of becoming law.

Upgrade to see the exact probability and what's driving it.

A statistical estimate from our own model of past outcomes — an insight, not a guarantee. Policymaking is volatile.

Prognosis

Advancing 54% · moderate confidence

  • Enacted

    Current position in the legislative process.

  • 1 sponsor

    1 primary, 0 co-sponsors signed on.

  • Mixed recorded votes

    1 passed, 1 failed in recorded votes so far.

Based on stage, sponsorship breadth, committee status, recorded votes, and cross-state momentum — a description of the observable signals, not a prediction.

In plain language

The bill updates definitions related to high-cost and consumer home loans.

This bill amends the definition of 'conventional mortgage rate' in South Carolina's laws. It specifies that this rate refers to the average prime offer rate.

What this means for you
  • Consumers: This means consumers will have a clearer understanding of conventional mortgage rates in relation to home loans.

Summary

Consumer Home Loans

Bill Text

Action History

  1. Act No. 171

  2. Effective date 05/18/26

  3. Signed By Governor

  4. Ratified R 150

  5. Read third time and enrolled (House Journal-page 3)

  6. Unanimous consent for third reading on next legislative day (House Journal-page 73)

  7. Roll call Yeas-98 Nays-0 (House Journal-page 72)

  8. Read second time (House Journal-page 71)

  9. Debate adjourned

  10. Debate adjourned until Wed., 5-6-26 (House Journal-page 37)

  11. Scrivener's error corrected

  12. Committee report: Favorable Labor, Commerce and Industry (House Journal-page 7)

  13. Referred to Committee on Labor, Commerce and Industry (House Journal-page 10)

  14. Introduced and read first time (House Journal-page 10)

  15. Read third time and sent to House (Senate Journal-page 11)

  16. Roll call Ayes-44 Nays-0 (Senate Journal-page 34)

  17. Read second time (Senate Journal-page 34)

  18. Committee report: Favorable Banking and Insurance (Senate Journal-page 8)

  19. Referred to Committee on Banking and Insurance (Senate Journal-page 50)

  20. Introduced and read first time (Senate Journal-page 50)

Sponsors

Sponsorship breakdown

Export CSV (upgrade) →

1 sponsors · 0 co-sponsors · 169 not signed on

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (169)

169 members have not signed on to this bill.

Show all 169 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Votes

Passage of Bill

Passed 98 Yea · 0 Nay · 26 Other
Party YeaNayPresentNot Voting
Unaffiliated 930025
Republican 3000
Democrat 1001
Total 970026
% of votes cast 79%0%0%21%
How each member voted (123)
Member Party Vote
Henderson-Myers,, Rosalyn D., Ph.D. Herbkersman, William G — Yea
Rankin, Luke S — Not Voting
Representative Adam L. Duncan — Yea
Representative Annie E. McDaniel — Yea
Representative April Cromer — Yea
Representative Beth E. Bernstein — Yea
Representative Bill Taylor — Yea
Representative Brandon Guffey — Yea
Representative Brandon L. Cox — Not Voting
Representative Brandon Newton — Yea
Representative Bruce W. Bannister — Not Voting
Representative Cally R. "Cal" Forrest, Jr. — Yea
Representative Carl L. Anderson — Not Voting
Representative Chandra E. Dillard — Yea
Representative Charles V. Hartz — Yea
Representative Chris Wooten — Yea
Representative Christopher R. "Chris" Hart — Not Voting
Representative Cody T. Mitchell — Yea
Representative Courtney S. Waters — Yea
Representative Craig A. Gagnon — Yea
Representative Daniel Gibson — Yea
Representative David Martin — Not Voting
Representative David R. Hiott — Yea
Representative David Vaughan — Yea
Representative Dennis C. Moss — Yea
Representative Dianne Mitchell — Yea
Representative Donald G. "Don" Chapman — Yea
Representative Donald Ryan McCabe, Jr. — Not Voting
Representative Elizabeth "Spencer" Wetmore — Yea
Representative Fawn M. Pedalino — Yea
Representative G. Murrell Smith, Jr. — Yea
Representative Gary S. Brewer, Jr. — Yea
Representative Gil Gatch — Not Voting
Representative Gilda Cobb-Hunter — Yea
Representative Greg Ford — Yea
Representative Hamilton R. Grant — Yea
Representative Harriet A. Holman — Not Voting
Representative Heath Sessions — Yea
Representative Heather Ammons Crawford — Not Voting
Representative Heather Bauer — Not Voting
Representative J. David Weeks — Not Voting
Representative J. Todd Rutherford — Yea
Representative JA Moore — Yea
Representative Jackie E. "Coach" Hayes — Yea
Representative Jackie R. Terribile — Yea
Representative James E. Teeple — Yea
Representative James Mikell "Mike" Burns — Not Voting
Representative Jeff Bradley — Yea
Representative Jeffrey E. "Jeff" Johnson — Yea
Representative Jermaine L. Johnson, Sr. — Not Voting
Representative Jerry N. Govan, Jr. — Not Voting
Representative John Gregory "Jay" Kilmartin — Yea
Representative John R. McCravy III — Yea
Representative John Richard C. King — Yea
Representative John T. Lastinger, Jr. — Yea
Representative Jordan S. Pace — Yea
Representative Joseph M. "Joe" Bustos — Not Voting
Representative Joseph S. "Joe" White — Yea
Representative Josiah Magnuson — Yea
Representative Justin T. Bamberg — Yea
Representative Kambrell H. Garvin — Yea
Representative Kathy Landing — Yea
Representative Keishan M. Scott — Yea
Representative Kevin Hardee — Not Voting
Representative Lee Hewitt — Yea
Representative Leon D. "Doug" Gilliam — Yea
Representative Leon Howard — Not Voting
Representative Leonidas E. "Leon" Stavrinakis — Yea
Representative Lonnie Hosey — Yea
Representative Lucas Atkinson — Not Voting
Representative M. Brian Lawson — Yea
Representative Mark N. Willis — Yea
Representative Marvin "Mark" Smith — Not Voting
Representative Melissa Lackey Oremus — Yea
Representative Micajah P. "Micah" Caskey IV — Not Voting
Representative Michael F. Rivers, Sr. — Not Voting
Representative Mike M. Neese — Yea
Representative Nathan Ballentine — Not Voting
Representative Neal A. Collins — Yea
Representative Patrick B. Haddon — Yea
Representative Paul B. Wickensimer — Yea
Representative Paula Rawl Calhoon — Yea
Representative Phillip Bowers — Yea
Representative Phillip D. Lowe — Yea
Representative Richard Blake Sanders — Yea
Representative Richard L. "Richie" Yow — Yea
Representative Robby Robbins — Yea
Representative Robert J. "Rob" Harris — Yea
Representative Robert Q. Williams — Yea
Representative Robert T. Reese — Yea
Representative Roger K. Kirby — Yea
Representative Sarita L. Edgerton — Yea
Representative Seth Rose — Yea
Representative Shannon S. Erickson — Yea
Representative Steven Wayne Long — Yea
Representative Sylleste H. Davis — Yea
Representative T. Alan Morgan, Jr. — Yea
Representative Terry Alexander — Yea
Representative Thomas Beach — Yea
Representative Thomas Duval "Val" Guest, Jr. — Yea
Representative Thomas E. "Tommy" Pope — Yea
Representative Thomas F. "Tom" Hartnett, Jr. — Yea
Representative Thomas Lee Gilreath — Yea
Representative Thomas R. "Randy" Ligon — Yea
Representative Timothy A. "Tim" McGinnis — Not Voting
Representative Travis A. Moore — Yea
Representative W. Scott Montgomery IV — Not Voting
Representative Wallace H. "Jay" Jordan, Jr. — Yea
Representative Wendell G. Gilliard — Yea
Representative Wendell K. Jones — Yea
Representative William "Bill" Clyburn — Yea
Representative William "Bill" Hager — Yea
Representative William C. "Chris" Huff — Yea
Representative William H. Bailey — Yea
Representative William M. "Bill" Chumley — Yea
Representative William M. "Bill" Hixon — Yea
Representative William R. "Bill" Whitmire — Yea
Representative Wm. Weston J. Newton — Yea
Jason Luck Democrat Yea
Tiffany R. Spann-Wilder Democrat Not Voting
Carla M. Schuessler Republican Yea
Stephen D. Frank Republican Yea
T. Case Brittain, Jr. Republican Yea

Official roll call →

Subjects

finance housing
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does S 0780 do?
Consumer Home Loans
Who sponsors S 0780?
S 0780 is sponsored by Senator Michael W. Gambrell.
What is the current status of S 0780?
This bill has been enacted into law. Introduced January 13, 2026. Enacted.
Where can I track S 0780?
Track S 0780 free on One Click Politics — get push/email alerts when it moves.

Make your voice heard on S 0780

Find the representatives who decide this bill and tell them where you stand — for yourself, or mobilize your whole list in one click with One Click Politics advocacy software.

Find my representatives → Run a campaign

Stay ahead of S 0780

Last checked for changes 3 months ago · updated continuously

One Click Politics tracks every bill in Congress and all 50 states.

Track this bill →