S.C. Code Regs. 28-3 - General Purposes of Department of Consumer Affairs
A. To further consumer understanding of the
terms of credit transactions and to foster competition among suppliers of
consumer credit so that consumers may obtain credit at reasonable
costs.
B. To protect consumer
buyers, lessees and borrowers against unfair practices by some suppliers of
consumer credit having due regard for the interests of legitimate and
scrupulous creditors.
C. To permit
and encourage the development of fair and economically sound consumer credit
practices.
D. To conform the
regulation of consumer credit transactions to the policies of the Federal
Consumer Credit Protection Act.
E.
To implement the South Carolina Consumer Protection Code in the State of South
Carolina in accordance with its terms and provisions.
F. To establish programs for the education of
consumers with respect to credit practices and problems.
G. To counsel persons and groups of their
rights and duties under the South Carolina Consumer Protection Code.
H. To make appropriate studies to effectuate
the purposes and policies of the South Carolina Consumer Protection Code and to
make the results of such studies available to the public.
I. To report on the use of consumer credit in
South Carolina and to report on the problems of persons of small means in
obtaining credit.
J. To receive and
process complaints of individuals pertaining to any consumer transaction
arising out of the production, promotion or sale of goods and
services.
K. To cooperate with and
assist the Attorney General and all state, local and federal agencies
performing consumer protection functions in carrying out their legal
enforcement responsibilities for the protection of consumers.
L. To initiate and encourage programs to
inform consumers of market practices and schemes which are fraudulent,
deceptive, unfair or illegal; how to detect and avoid abusive consumer
transactions; and of remedies and relief available to consumers.
M. To undertake activities to encourage
business and industry to maintain high standards of honesty, fair business
practices and public responsibility in the production, promotion and sale of
consumer goods and services.
N. To
study the operation of consumer protection laws and recommend to the Governor
and the Legislature new laws and amendments to laws which would promote the
protection of legitimate interest of consumers within this State.
O. To provide legal representation of the
consumer interest before the state and federal regulatory agencies or courts
when such regulatory agencies undertake to fix rates or prices for consumer
products or services or to enact regulations or establish policies relating to
rates or prices for consumer products or services.
P. To monitor existing regulations of such
regulatory agencies of special interest to consumers and report to the public
through the news media proposed changes under consideration and the effect of
such changes on the lives of the citizens of South Carolina.
Q. To simplify, clarify and modernize the law
governing retail installment sales, consumer credit and usury.
R. To implement and enforce provisions of the
Continuing Care Retirement Community Act.
Notes
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
No prior version found.