SC-CARS

Since its organization in Nov. 2009, SC-CARS has worked with Senator David Thomas’s office, the Banking and Insurance Committee and the Department of Consumer Affairs in the development of legislation regulating the licensure and activities of collateral recovery specialists in South Carolina.  This legislation is designed not only to provide for the welfare and safety of all citizens of South Carolina but to be a model for other states in addressing this most important issue.

Our proposed legislation will require comprehensive background checks, professional certification, continuing education courses, proper insurance and adherence to federal and state laws that impact the collateral recovery process.

Our website is designed to provide relevant information about the South Carolina collateral recovery industry to consumers, the financial community and to law enforcement.

Upon the passage of our proposed legislation, SC-CARS will provide a medium where licensed South Carolina collateral recovery specialists can communicate and a place to report unlicensed activity.

UPDATE:

S1073  passed the Senate unanimously and was sent to the House where it was assigned to the Labor, Commerce and Industry Committee. It was stopped in the LCI committee; two of the Senators on the LCI full committee wanted to see more state law enforcement involvement and less regulation under the Dept. of Consumer Affairs.  SC-CARS will work with the LCI committee members over the summer along with SC Law Enforcement Division, SLED, to  determine the best way to get regulation in place through SLED rather than Dept. of Consumer Affairs. Private Investigators are also licensed  through SLED so they are indeed equipped to handle such licensing. We will have a new bill ready to present to the House in January 2012. If you have suggestions or concenrs regarding the contents of the bill, feel free to contact SC-CARS at This e-mail address is being protected from spambots. You need JavaScript enabled to view it .