South Carolina Statutes
§ 35-11-235 — Suspension or revocation of license.
(A)If a licensee does not continue to meet the qualifications or satisfy the requirements that apply to an applicant for a new money transmission license, the Commissioner may suspend or revoke the licensee's license pursuant to Section 35-11-700 or 35-11-710 or other applicable state law for such suspension or revocation.
(B)An applicant for a money transmission license must demonstrate that it meets or will meet, and a money transmission licensee must at all times meet, the requirements in Sections 35-11-215, 35-11-230, and 35-11-600 of this chapter.
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Legislative History
HISTORY: 2024 Act No. 218 (S.1031), SECTION 1, eff July 2, 2024. ARTICLE 3 Currency Exchange Licenses
Nearby Sections
15
§ 35-11-100
Short title.§ 35-11-105
Definitions.§ 35-11-110
Applicability of chapter.§ 35-11-200
License required.§ 35-11-205
Application for license.§ 35-11-210
Items to be furnished to the Commissioner.§ 35-11-215
Security.§ 35-11-220
Issuance of license.§ 35-11-225
Renewal of license.§ 35-11-230
Net worth.§ 35-11-235
Suspension or revocation of license.§ 35-11-300
License required.§ 35-11-305
Application for license.§ 35-11-310
Issuance of license.§ 35-11-315
Renewal of license.