South Carolina § 35-11-305 Application for license.

South Carolina Statutes

§ 35-11-305 — Application for license.

South Carolina § 35-11-305

Title 35SECURITIES

Ch. 11SOUTH CAROLINA UNIFORM MONEY SERVICES ACT

This text of South Carolina § 35-11-305 (Application for 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. § 35-11-305 (2026).

Text

(A)A person applying for a license pursuant to this article shall do so in a form and in a medium prescribed by the Commissioner. The application shall state or contain:

(1)the legal name and residential and business addresses of the applicant, if the applicant is an individual or, if the applicant is not an individual, the name of each partner, executive officer, manager, and director;

(2)the location of the principal office of the applicant;

(3)complete addresses of other locations in this State where the applicant proposes to engage in currency exchange, including all limited stations and mobile locations; and (4) other information the Commissioner reasonably requires with respect to the applicant, but not more than the Commissioner may require pursuant to Article 2.

(B)A nonrefund

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(A) A person applying for a license pursuant to this article shall do so in a form and in a medium prescribed by the Commissioner. The application shall state or contain: (1) the legal name and residential and business addresses of the applicant, if the applicant is an individual or, if the applicant is not an individual, the name of each partner, executive officer, manager, and director; (2) the location of the principal office of the applicant; (3) complete addresses of other locations in this State where the applicant proposes to engage in currency exchange, including all limited stations and mobile locations; and (4) other information the Commissioner reasonably requires with respect to the applicant, but not more than the Commissioner may require pursuant to Article 2. (B) A nonrefundable application fee of one thousand five hundred dollars and a license fee of one thousand six hundred dollars must accompany an application for a license pursuant to this article. The license fee must be refunded if the application is denied. (C) The Commissioner may waive one or more requirements of subsection (A) or permit an applicant to submit other information in lieu of the required information.

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, in (A), deleted (4), redesignated former (5) as (4), and made nonsubstantive changes; in (B), in the first sentence, substituted "one thousand six hundred dollars" for "seven hundred fifty dollars"; and added (C).