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S 774

Session 125 (2023-2024)

S 0774  Joint Resolution, By Senate Banking and Insurance
 A JOINT RESOLUTION TO APPROVE REGULATIONS OF THE STATE BOARD OF FINANCIAL
 INSTITUTIONS - CONSUMER FINANCE DIVISION, RELATING TO CHECK-CASHING SERVICE:
 RECORD-KEEPING REQUIREMENTS, DESIGNATED AS REGULATION DOCUMENT NUMBER 5142,
 PURSUANT TO THE PROVISIONS OF ARTICLE 1, CHAPTER 23, TITLE 1 OF THE SOUTH
 CAROLINA CODE OF LAWS.

   5/3/2023  Senate Introduced, read first time, placed on calendar
                     without reference (Senate Journal-page 9)
   5/5/2023         Scrivener's error corrected
   5/10/2023  Senate Recommitted to Committee on Banking and Insurance (Senate Journal-page 42)

VERSIONS OF THIS BILL

05/03/2023
05/04/2023
05/05/2023

S 774 Joint Resolution, By Senate Banking and Insurance

Indicates Matter Stricken

Indicates New Matter

Introduced

May 03, 2023

S. 774

Introduced by Banking and Insurance Committee

S. Printed 05/03/23--S. [SEC 5/5/2023 3:12 PM]

Read the first time May 03, 2023

________

A JOINT RESOLUTION

TO APPROVE REGULATIONS OF THE State Board of Financial Institutions - Consumer Finance Division, RELATING TO Check-Cashing Service: RecordKeeping Requirements, DESIGNATED AS REGULATION DOCUMENT NUMBER 5142, PURSUANT TO THE PROVISIONS OF ARTICLE 1, CHAPTER 23, TITLE 1 OF THE SOUTH CAROLINA CODE OF LAWS.

Be it enacted by the General Assembly of the State of South Carolina:

SECTION 1. The regulations of the State Board of Financial Institutions - Consumer Finance Division, relating to Check-Cashing Service: RecordKeeping Requirements, designated as Regulation Document Number 5142, and submitted to the General Assembly pursuant to the provisions of Article 1, Chapter 23, Title 1 of the S.C. Code, are approved.

SECTION 2. This joint resolution takes effect upon approval by the Governor.

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SUMMARY AS SUBMITTED

BY PROMULGATING AGENCY.

The State Board of Financial Institutions (Board) seeks to add R.15-67 to establish by regulation the records that a person required to be licensed under Chapter 41 must keep and maintain and the corresponding records retention period.

The Notice of Drafting was published in the State Register on August 26, 2022.

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