South Carolina Statutes

§ 35-11-235 — Suspension or revocation of license.

South Carolina·Title 35 SECURITIES·Ch. 11 SOUTH CAROLINA UNIFORM MONEY SERVICES ACT
(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

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