South Carolina § 35-11-225 Renewal of license.

South Carolina Statutes

§ 35-11-225 — Renewal of license.

South Carolina § 35-11-225

Title 35SECURITIES

Ch. 11SOUTH CAROLINA UNIFORM MONEY SERVICES ACT

This text of South Carolina § 35-11-225 (Renewal of license.) is published on Counsel Stack Legal Research, covering South Carolina primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

S.C. Code Ann. § 35-11-225 (2026).

Text

(A)A license issued under this chapter must be renewed annually.

(1)An annual renewal fee of one thousand six hundred dollars must be paid no more than sixty days before the license expiration.

(2)The renewal term must be for a period of one year and begins on January first of each year after the initial license term and expires on December thirty-first of the year the renewal term begins.

(B)A licensee under this article shall submit a renewal report with the renewal fee, in a form and in a medium prescribed by the Commissioner. The renewal report must state or contain a description of each material change in information submitted by the licensee in its original license application which has not been reported to the Commissioner on a required report.

(C)The Commissioner for good caus

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(A) A license issued under this chapter must be renewed annually. (1) An annual renewal fee of one thousand six hundred dollars must be paid no more than sixty days before the license expiration. (2) The renewal term must be for a period of one year and begins on January first of each year after the initial license term and expires on December thirty-first of the year the renewal term begins. (B) A licensee under this article shall submit a renewal report with the renewal fee, in a form and in a medium prescribed by the Commissioner. The renewal report must state or contain a description of each material change in information submitted by the licensee in its original license application which has not been reported to the Commissioner on a required report. (C) The Commissioner for good cause may grant an extension of the renewal date. (D) The Commissioner is authorized and encouraged to utilize NMLS to process license renewals provided that such functionality is consistent with this section.

Legislative History

HISTORY: 2016 Act No. 266 (H.4554), SECTION 1, eff May 25, 2018; 2024 Act No. 218 (S.1031), SECTION 1, eff July 2, 2024. Effect of Amendment 2024 Act No. 218, SECTION 1, rewrote the section.