South Carolina General Assembly
109th Session, 1991-1992

Bill 3648

Indicates Matter Stricken
Indicates New Matter 

                    Current Status

Introducing Body:               House
Bill Number:                    3648
Primary Sponsor:                Committee (26)
Committee Number:               02
Type of Legislation:            JR
Subject:                        Regulations approved
Residing Body:                  Senate
Current Committee:              Banking and Insurance
Computer Document Number:       GJK/11038.AC
Introduced Date:                Mar 06, 1991
Last History Body:              Senate
Last History Date:              Mar 12, 1991
Last History Type:              Introduced, read first time,
                                referred to Committee
Scope of Legislation:           Statewide
Sponsor Committee:              Labor, Commerce and Industry
Sponsor Committee Number:       26
Type of Legislation:            Joint Resolution
History


 Bill  Body    Date          Action Description              CMN
 ----  ------  ------------  ------------------------------  ---
 3648  Senate  Mar 12, 1991  Introduced, read first time,    02
                             referred to Committee
 3648  House   Mar 08, 1991  Read third time, sent to
                             Senate
 3648  House   Mar 07, 1991  Unanimous consent for third
                             reading on next Legislative
                             day
 3648  House   Mar 07, 1991  Read second time
 3648  House   Mar 06, 1991  Introduced, read first time     26
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(Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.)

INTRODUCED

March 6, 1991

H. 3648

Introduced by Labor, Commerce and Industry Committee

S. Printed 3/6/91--H.

Read the first time March 6, 1991.

A JOINT RESOLUTION

TO APPROVE REGULATIONS OF THE DEPARTMENT OF CONSUMER AFFAIRS, RELATING TO MORTGAGE LOAN BROKER CERTIFICATE OF REGISTRATION, DESIGNATED AS REGULATION DOCUMENT NUMBER 1305, PURSUANT TO THE PROVISIONS OF ARTICLE 1, CHAPTER 23, TITLE 1 OF THE 1976 CODE.

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

SECTION 1. The regulations of the Department of Consumer Affairs, relating to Mortgage Loan Broker Certificate of Registration, designated as Regulation Document Number 1305, and submitted to the General Assembly pursuant to the provisions of Article 1, Chapter 23, Title 1 of the 1976 Code, are approved.

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

----XXX----

SUMMARY AS SUBMITTED BY PROMULGATING AGENCY.

This regulation concerns the Certificate of Registration required by the Registration Requirements Act of Certain Loanbrokers of Mortgages and Deeds of Trust on Residential Real Property, S.C. Section 40-58-10 et seq. The regulation also concerns recordkeeping by mortgage loanbrokers in South Carolina as well as the content of those records.

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