Removing Barriers Blog

South Carolina TNC Legislation Awaiting the Governor's Signature
Posted June 26,2015 by CUNA Advocacy

The Carolina Credit Union League has been working diligently to ensure South Carolina credit unions' members and collateral are protected when members are driving for transportation network companies (TNCs). The league assisted in the drafting of H 3525, which requires TNC drivers to notify lienholders that drivers will be using vehicles for TNC services that may violate the terms of loan agreements. Drivers must also disclose to lenders all insurance coverage information provided by TNCs and maintain proof that their lienholder was notified. The measure is currently awaiting the governor’s signature and the league is confident it will become law. TNC legislation has been enacted in 20 states so far this legislative session.