Late into this session, the League was made aware of an issue that affects both state- and federally-chartered credit unions regarding transport tags. The South Carolina Department of Motor Vehicles (SCDMV) issued a reinterpretation of a law, making the use of transport tags by credit unions illegal.
The League met with senior staff of the SCDMV and successfully made the case that credit unions were not abusing transport tags. With the SCDMV in agreement, the League worked with credit union supporter and Senate Transportation Committee Chairman Larry Grooms (Berkeley) to amend another bill—H. 4973—to include our language. Through his leadership, the bill passed the Senate and the House with only an hour left in session on Thursday, May 10.
The League sincerely thanks Sen. Grooms for his support and leadership throughout the process.
In the coming weeks, more on this legislation and others will be shared in the comprehensive legislative wrap-up. If you have any questions, please don’t hesitate to contact me at firstname.lastname@example.org.