South Carolina Code 37-5-117. Lien, or submission of debt to credit bureau or reporting agency, by health care services provider; notice required; penalties
Current as of: 2023 | Check for updates
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Terms Used In South Carolina Code 37-5-117
- Credit bureau: An agency that collects individual credit information and sells it for a fee to creditors so they can make a decision on granting loans. Typical clients include banks, mortgage lenders, credit card companies, and other financing companies. (Also commonly referred to as consumer-reporting agency or credit-reporting agency.) Source: OCC
- Lien: A claim against real or personal property in satisfaction of a debt.
- Personal property: All property that is not real property.
A provider of health care services must give twenty days prior notice before submitting a debt to a credit bureau or credit reporting agency or filing a lien against real or personal property, and the debtor must be notified by mail of the creditor’s intention. Failure to comply with this requirement is punishable by a fine of not less than one hundred dollars for each occurrence.