The bill H. 4147 aims to amend the South Carolina Code of Laws by adding a new section, 34-26-290, which mandates that credit unions must publicly display all fees and charges that may be assessed against their members. This requirement includes posting the information in a conspicuous location within the credit union's physical premises as well as on its website, app, or any other electronic platform it utilizes.

The legislation is designed to enhance transparency for credit union members regarding potential fees, ensuring that they are fully informed about any charges that may apply. The bill will take effect upon receiving approval from the Governor.

Statutes affected:
03/05/2025: 34-26-290
Latest Version: 34-26-290