The bill H. 3179 aims to amend the South Carolina Code of Laws by adding Section 56-14-170, which establishes that it is unlawful for various entities, including manufacturers, distributors, and recreational vehicle dealers, to engage in unfair methods of competition and deceptive practices. The bill outlines specific actions that are considered unlawful, such as arbitrary or bad faith actions that cause damage to parties or the public. It also allows for the courts to reference definitions from the Federal Trade Commission Act when interpreting these practices.

Additionally, the bill provides for legal recourse for individuals harmed by these unfair practices, allowing them to sue for double the actual damages sustained, along with the cost of the suit and reasonable attorney's fees. It includes provisions for punitive damages if the defendant is found to have acted maliciously, and establishes that judgments against a person in related federal proceedings can serve as prima facie evidence in state cases. The act will take effect upon approval by the Governor.

Statutes affected:
12/05/2024: 56-14-170
Latest Version: 56-14-170
12/06/2024: 56-14-170