The bill H. 4391 aims to amend the South Carolina Code of Laws by adding Section 37-5-120, which outlines the conditions under which a contractor or company may repossess removable equipment installed in a consumer's property. Specifically, it allows contractors or companies that provide and install equipment marked with unique identification information to repossess such equipment if the consumer defaults on payment. This provision is contingent upon the contractor or company providing proper notice to the consumer and an opportunity to cure the default, as stipulated in existing Sections 37-5-110 and 37-5-111.

Additionally, the bill stipulates that failure to provide the required notice and opportunity to cure will render the repossession void, and the contractor or company may be held liable for conversion in a court of law. This legislation is designed to protect consumers while also allowing businesses to reclaim their property under specific circumstances. The bill will take effect upon approval by the Governor.

Statutes affected:
04/23/2025: 37-5-120
Latest Version: 37-5-120