H4391

South Carolina H4391 allows HVAC contractors to repossess equipment if a consumer defaults on payments, but requires notice and an opportunity to.

South Carolina H4391 amends the state code to allow contractors or companies to repossess HVAC equipment if a consumer defaults on payments. The bill specifies that the equipment must be marked with UCC identification information, model numbers, or serial numbers. However, the repossession can only occur if the contractor or company provides proper notice and an opportunity for the consumer to cure the default. Failure to provide notice and an opportunity to cure renders the repossession void and can result in liability for conversion. This act takes effect upon approval by the Governor.