™Your Policy Risk Impact Agent
27 chapters · 549 sections in this title.
S.C. Code Ann. § 34-36-10 Definitions
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As used in this chapter, unless the context otherwise requires: (1) "Advance fee" means any consideration which is assessed or collected, prior to the closing of a loan, by a loan broker. (2) "Borrower" means a person obtaining or desiring to obtain a loan of money, a credit card…
S.C. Code Ann. § 34-36-20 Prohibited behavior; advance fees; false, misleading, fraudulent, or deceptive acts
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No loan broker shall: (1) assess or collect an advance fee from a borrower to provide services as a loan broker. (2) make or use any false or misleading representations or omit any material fact in the offer or sale of the services of a loan broker or engage, directly or indirect…
S.C. Code Ann. § 34-36-30 Principal responsible for acts of brokers and brokers' agents or employees
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Each principal of a loan broker may be sanctioned for the actions of the loan broker, including the loan broker's agents or employees acting in the course of business of the loan broker.
S.C. Code Ann. § 34-36-40 Department oversight; orders and acts to effect compliance
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(A) The department may investigate the actions of any person for compliance with this chapter. (B) The department may request a hearing before the Administrative Law Court for an order requiring a loan broker to cease and desist if it is determined that the loan broker has violat…
