republic-os/legislation/us/states/sc/2017-2018/s-877.md

---
type: "Bill"
title: "AN ACT TO AMEND SECTION 40-60-330, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO FINANCIAL STATEMENTS THAT APPRAISAL MANAGEMENT COMPANIES MUST PROVIDE WHEN REGISTERING WITH THE REAL ESTATE APPRAISERS BOARD, SO AS TO PROVIDE REGISTRANTS ALTERNATIVELY MAY CHOOSE TO PROVIDE SURETY BONDS IN AMOUNTS NOT TO EXCEED FIFTY THOUSAND DOLLARS, TO PROVIDE APPRAISAL MANAGEMENT COMPANIES ARE RESPONSIBLE FOR THE COSTS OF SUCH SURETY BONDS, AND TO PROVIDE THESE REGISTRATION REQUIREMENTS DO NOT APPLY TO INDIVIDUAL APPRAISERS OR INDIVIDUAL APPRAISERS SERVING ON APPRAISAL PANELS OF APPRAISAL MANAGEMENT COMPANIES; AND TO AMEND SECTION 40-1-70, RELATING TO POWERS AND DUTIES OF PROFESSIONAL AND OCCUPATIONAL LICENSING BOARDS, SO AS TO INCLUDE FILING CLAIMS AGAINST ANY SURETY BONDS ON BOARD-APPROVED FORMS IN ACCORDANCE WITH BOARD-ESTABLISHED PROCEDURES. - ratified title"
description: "AN ACT TO AMEND SECTION 40-60-330, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO FINANCIAL STATEMENTS THAT APPRAISAL MANAGEMENT COMPANIES MUST PROVIDE WHEN REGISTERING WITH THE REAL ESTATE APPRAISERS BOARD, SO AS TO PROVIDE REGISTRANTS ALTERNATIVELY MAY CHOOSE TO PROVIDE SURETY BONDS IN AMOUNTS NOT TO EXCEED FIFTY THOUSAND DOLLARS, TO PROVIDE APPRAISAL MANAGEMENT COMPANIES ARE RESPONSIBLE FOR THE COSTS OF SUCH SURETY BONDS, AND TO PROVIDE THESE REGISTRATION REQUIREMENTS DO NOT APPLY TO INDIVIDUAL APPRAISERS OR INDIVIDUAL APPRAISERS SERVING ON APPRAISAL PANELS OF APPRAISAL MANAGEMENT COMPANIES; AND TO AMEND SECTION 40-1-70, RELATING TO POWERS AND DUTIES OF PROFESSIONAL AND OCCUPATIONAL LICENSING BOARDS, SO AS TO INCLUDE FILING CLAIMS AGAINST ANY SURETY BONDS ON BOARD-APPROVED FORMS IN ACCORDANCE WITH BOARD-ESTABLISHED PROCEDURES. - ratified title"
jurisdiction: "us/states/sc"
legislature: "South Carolina General Assembly"
session: "2017-2018"
identifier: "S 877"
citation: "South Carolina S 877 (2017-2018)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: ["Alexander"]
version_count: 4
action_count: 22
vote_count: 2
first_action: "2018-01-09"
last_action: "2018-05-31"
source: "openstates"
source_identifier: "ocd-bill/b8d23e76-eecf-407d-83bd-a4b775c262ef"
source_url: "http://www.scstatehouse.gov/billsearch.php?billnumbers=877&session=122&summary=B"
source_hash: "9bb2fa9e95ecc165f75495f220b692a6beb1f094dc90d7a8072f703c83c66e37"
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 877 (2017-2018) — AN ACT TO AMEND SECTION 40-60-330, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO FINANCIAL STATEMENTS THAT APPRAISAL MANAGEMENT COMPANIES MUST PROVIDE WHEN REGISTERING WITH THE REAL ESTATE APPRAISERS BOARD, SO AS TO PROVIDE REGISTRANTS ALTERNATIVELY MAY CHOOSE TO PROVIDE SURETY BONDS IN AMOUNTS NOT TO EXCEED FIFTY THOUSAND DOLLARS, TO PROVIDE APPRAISAL MANAGEMENT COMPANIES ARE RESPONSIBLE FOR THE COSTS OF SUCH SURETY BONDS, AND TO PROVIDE THESE REGISTRATION REQUIREMENTS DO NOT APPLY TO INDIVIDUAL APPRAISERS OR INDIVIDUAL APPRAISERS SERVING ON APPRAISAL PANELS OF APPRAISAL MANAGEMENT COMPANIES; AND TO AMEND SECTION 40-1-70, RELATING TO POWERS AND DUTIES OF PROFESSIONAL AND OCCUPATIONAL LICENSING BOARDS, SO AS TO INCLUDE FILING CLAIMS AGAINST ANY SURETY BONDS ON BOARD-APPROVED FORMS IN ACCORDANCE WITH BOARD-ESTABLISHED PROCEDURES. - ratified title

## Version chain

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

1. **1/9/2018** (committee substitute) — [source](http://www.scstatehouse.gov/sess122_2017-2018/prever/877_20180109.htm)
2. **2/20/2018** (committee substitute) — [source](http://www.scstatehouse.gov/sess122_2017-2018/prever/877_20180220.htm)
3. **3/13/2018** (committee substitute) — [source](http://www.scstatehouse.gov/sess122_2017-2018/prever/877_20180313.htm)
4. **4/26/2018** (committee substitute) — [source](http://www.scstatehouse.gov/sess122_2017-2018/prever/877_20180426.htm)

## Votes

- Passage of Bill — **93–0** (pass) · lower
- 2nd Reading — **41–0** (pass) · upper

## Sponsors

- Alexander — primary (person)

## Timeline

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

- **2018-01-09** Introduced and read first time `introduction, reading-1`
- **2018-01-09** Referred to Committee on Labor, Commerce and Industry `referral-committee`
- **2018-02-20** Committee report: Favorable with amendment Labor, Commerce and Industry `committee-passage-favorable`
- **2018-03-13** Committee Amendment Adopted `amendment-passage`
- **2018-03-13** Amended `amendment-passage`
- **2018-03-14** Read second time `reading-2`
- **2018-03-14** Roll call Ayes-41 Nays-0
- **2018-03-15** Read third time and sent to House `passage, reading-3`
- **2018-03-20** Introduced and read first time `introduction, reading-1`
- **2018-03-20** Referred to Committee on Labor, Commerce and Industry `referral-committee`
- **2018-04-26** Committee report: Favorable Labor, Commerce and Industry `committee-passage-favorable`
- **2018-05-02** Requests for debate-Rep(s). Williams, King, Brawley, Pendarvis, Kirby, Hosey, Brown, Gilliard
- **2018-05-02** Requests for debate removed-Rep(s). Kirby
- **2018-05-03** Requests for debate removed-Rep(s). Brawley, Brown, Pendarvis, Hosey, King
- **2018-05-03** Read second time `reading-2`
- **2018-05-03** Roll call Yeas-93 Nays-0
- **2018-05-03** Unanimous consent for third reading on next legislative day
- **2018-05-04** Read third time and enrolled `passage, reading-3`
- **2018-05-14** Ratified R 215
- **2018-05-15** Signed By Governor `executive-signature`
- **2018-05-23** Effective date 05/15/18
- **2018-05-31** Act No. 197

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/b8d23e76-eecf-407d-83bd-a4b775c262ef`. Confidence: reported (aggregated from official South Carolina legislature records).