South Carolina General Assembly
125th Session, 2023-2024

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Indicates Matter Stricken
Indicates New Matter

S. 711

STATUS INFORMATION

Joint Resolution
Sponsors: Banking and Insurance Committee
Document Path: LC-0301WAB-RT23.docx

Introduced in the Senate on April 11, 2023
Currently residing in the Senate Committee on Banking and Insurance

Summary: Board of Financial Institutions - Consumer Finance Division - JR to Approve Reg Doc No. 5140

HISTORY OF LEGISLATIVE ACTIONS

Date Body Action Description with journal page number
4/11/2023 Senate Introduced, read first time, placed on calendar without reference (Senate Journal-page 8)
1/10/2024 Senate Recommitted to Committee on Banking and Insurance (Senate Journal-page 13)

View the latest legislative information at the website

VERSIONS OF THIS BILL

04/11/2023
04/11/2023-A



Introduced

April 11, 2023

S. 711

Introduced by Banking and Insurance Committee

S. Printed 04/11/23--S.

Read the first time April 11, 2023

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A JOINT RESOLUTION

TO APPROVE REGULATIONS OF THE STATE Board of Financial Institutions - Consumer Finance Division, RELATING TO Check-Cashing Service, DESIGNATED AS REGULATION DOCUMENT NUMBER 5140, 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, designated as Regulation Document Number 5140, 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 amend R.15-65 and add R.15-66 regarding the use of the Nationwide Multistate Licensing System (NMLS) for check-cashing applications, renewals, and other filings and to pay all fees and costs.

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

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This web page was last updated on January 11, 2024 at 5:15 PM