---
type: "Bill"
title: "Consumer Home Loans"
description: "AN ACT TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 37-23-20, RELATING TO HIGH-COST AND CONSUMER HOME LOANS DEFINITIONS, SO AS TO PROVIDE THAT THE CONVENTIONAL MORTGAGE RATE MEANS THE AVERAGE PRIME OFFER RATE. - RATIFIED TITLE"
jurisdiction: "us/states/sc"
legislature: "South Carolina General Assembly"
session: "2025-2026"
identifier: "S 780"
citation: "South Carolina S 780 (2025-2026)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: ["Gambrell"]
version_count: 5
action_count: 20
vote_count: 2
first_action: "2026-01-13"
last_action: "2026-05-27"
source: "openstates"
source_identifier: "ocd-bill/bd8f2bb7-a8e2-4e13-9510-10fd2725407a"
source_url: "https://www.scstatehouse.gov/billsearch.php?billnumbers=780&session=126&summary=B"
source_hash: "9839c920d0fc0df88c79eecd8faf5f33a0953e7e79fb6ebc3883ce39ae63d9d2"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-sc"]
---

# South Carolina S 780 (2025-2026) — Consumer Home Loans

AN ACT TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 37-23-20, RELATING TO HIGH-COST AND CONSUMER HOME LOANS DEFINITIONS, SO AS TO PROVIDE THAT THE CONVENTIONAL MORTGAGE RATE MEANS THE AVERAGE PRIME OFFER RATE. - RATIFIED TITLE

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **Filed** (filed) — [source](https://www.scstatehouse.gov/sess126_2025-2026/bills/780.htm)
2. **01/13/2026** (committee substitute) — [source](https://www.scstatehouse.gov/sess126_2025-2026/prever/780_20260113.htm)
3. **02/12/2026** (committee substitute) — [source](https://www.scstatehouse.gov/sess126_2025-2026/prever/780_20260212.htm)
4. **04/30/2026** (committee substitute) — [source](https://www.scstatehouse.gov/sess126_2025-2026/prever/780_20260430.htm)
5. **05/04/2026** (committee substitute) — [source](https://www.scstatehouse.gov/sess126_2025-2026/prever/780_20260504.htm)

## Votes

- 2nd Reading — **44–0** (pass) · upper
- Passage of Bill — **98–0** (pass) · lower

## Sponsors

- Gambrell — primary (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2026-01-13** Introduced and read first time `introduction, reading-1`
- **2026-01-13** Referred to Committee on Banking and Insurance `referral-committee`
- **2026-02-12** Committee report: Favorable Banking and Insurance `committee-passage-favorable`
- **2026-02-18** Read second time `reading-2`
- **2026-02-18** Roll call Ayes-44 Nays-0
- **2026-02-24** Read third time and sent to House `passage, reading-3`
- **2026-02-25** Introduced and read first time `introduction, reading-1`
- **2026-02-25** Referred to Committee on Labor, Commerce and Industry `referral-committee`
- **2026-04-30** Committee report: Favorable Labor, Commerce and Industry `committee-passage-favorable`
- **2026-05-04** Scrivener's error corrected
- **2026-05-05** Debate adjourned until Wed., 5-6-26
- **2026-05-06** Debate adjourned
- **2026-05-07** Read second time `reading-2`
- **2026-05-07** Roll call Yeas-98 Nays-0
- **2026-05-07** Unanimous consent for third reading on next legislative day
- **2026-05-08** Read third time and enrolled `passage, reading-3`
- **2026-05-14** Ratified R 150
- **2026-05-18** Signed By Governor `executive-signature`
- **2026-05-27** Effective date 05/18/26
- **2026-05-27** Act No. 171

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/bd8f2bb7-a8e2-4e13-9510-10fd2725407a`. Confidence: reported (aggregated from official South Carolina legislature records).