™Your Policy Risk Impact Agent
27 chapters · 549 sections in this title.
S.C. Code Ann. § 34-39-160 Qualifications for licensure
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To qualify for a license issued pursuant to this chapter, an applicant shall have: (1) a minimum net worth, determined in accordance with generally accepted accounting principles, of at least twenty-five thousand dollars available for the operation of each location; and (2) the f…
S.C. Code Ann. § 34-39-170 Restrictions on advancement of monies on security of check; posting of fees charged for deferred presentment services
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(A) A licensee may not advance monies on the security of a check unless the account on which the presented check is drawn is a legitimate, open, and active account. (B) A licensee, in every location conducting business under a license issued pursuant to this chapter, conspicuousl…
S.C. Code Ann. § 34-39-175 Deferred presentment transaction database
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(A) In order to prevent a person from having a deferred presentment transaction that exceeds the limit in Section 34-39-180(B) and Section 34-39-270(A), the Consumer Finance Division of the Board of Financial Institutions shall implement a common database with real-time access th…
S.C. Code Ann. § 34-39-180 Restrictions and requirements for deferred presentment or deposit of check
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(A) A licensee may defer the presentment or deposit of a check for up to thirty-one days pursuant to the provisions of this section. (B) The total amount advanced by a licensee to any customer at one time for deferred presentment or deposit may not exceed five hundred fifty dolla…
