S 0787 — AN ACT TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY ADDING SECTION 37-3-110 SO AS TO DEFINE BRIDGE LOANS; AND BY AMENDING SECTION 37-3-402, RELATING TO BALLOON PAYMENTS, SO AS TO PROVIDE THAT THIS SECTION DOES NOT APPLY TO BRIDGE LOANS. - RATIFIED TITLE
Last action — Act No. 172
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✓Introduced
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✓In Committee
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✓Passed Senate
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✓Passed House
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✓To Executive
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6Enacted
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 chanceBased 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
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Enacted
Current position in the legislative process.
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1 sponsor
1 primary, 0 co-sponsors signed on.
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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 defines bridge loans and excludes them from balloon payment rules.
This legislation introduces a definition for bridge loans in South Carolina and amends existing laws to clarify that balloon payment regulations do not apply to these loans. It aims to provide clear guidelines for lenders and borrowers regarding bridge loans.
Summary
Bridge Loans
Bill Text
- Full text View text Current html
Action History
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Act No. 172
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Effective date 05/18/26
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Signed By Governor
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Ratified R 151
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Concurred in House amendment and enrolled (Senate Journal-page 75)
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Read third time and returned to Senate with amendments (House Journal-page 2)
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Unanimous consent for third reading on next legislative day (House Journal-page 75)
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Roll call Yeas-102 Nays-0 (House Journal-page 74)
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Read second time (House Journal-page 73)
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Amended (House Journal-page 73)
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Debate adjourned
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Debate adjourned until Wed., 5-6-26 (House Journal-page 38)
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Committee report: Favorable with amendment Labor, Commerce and Industry (House Journal-page 7)
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Referred to Committee on Labor, Commerce and Industry (House Journal-page 11)
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Introduced and read first time (House Journal-page 11)
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Read third time and sent to House (Senate Journal-page 11)
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Roll call Ayes-44 Nays-0 (Senate Journal-page 15)
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Read second time (Senate Journal-page 15)
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Committee report: Favorable Banking and Insurance (Senate Journal-page 8)
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Referred to Committee on Banking and Insurance (Senate Journal-page 53)
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Introduced and read first time (Senate Journal-page 53)
Sponsors
- Senator Michael W. Gambrell · Primary
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.
Votes
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 0 | 0 | 0 | 2 |
| Total | 0 | 0 | 0 | 2 |
| % of votes cast | 0% | 0% | 0% | 100% |
How each member voted (2)
| Member | Party | Vote |
|---|---|---|
| Senator Overture Walker | — | Not Voting |
| Senator Stephen L. Goldfinch | — | Not Voting |
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 98 | 0 | 0 | 21 |
| Republican | 3 | 0 | 0 | 0 |
| Democrat | 1 | 0 | 0 | 1 |
| Total | 102 | 0 | 0 | 22 |
| % of votes cast | 82% | 0% | 0% | 18% |
How each member voted (124)
Subjects
Frequently asked questions
- What does S 0787 do?
- Bridge Loans
- Who sponsors S 0787?
- S 0787 is sponsored by Senator Michael W. Gambrell.
- What is the current status of S 0787?
- This bill has been enacted into law. Introduced January 13, 2026. Enacted.
- Where can I track S 0787?
- Track S 0787 free on One Click Politics — get push/email alerts when it moves.
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Last checked for changes 3 months ago · updated continuously
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