South Carolina § 34-39-170 Restrictions on advancement of monies on security of check; posting of fees charged for deferred presentment services.

South Carolina Statutes

§ 34-39-170 — Restrictions on advancement of monies on security of check; posting of fees charged for deferred presentment services.

South Carolina § 34-39-170

Title 34BANKING, FINANCIAL INSTITUTIONS AND MONEY

Ch. 39DEFERRED PRESENTMENT SERVICES

This text of South Carolina § 34-39-170 (Restrictions on advancement of monies on security of check; posting of fees charged for deferred presentment services.) 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. § 34-39-170 (2026).

Text

(A)A licensee may not advance monies on the security of a check unless the account on which the presented check is drawn is a legitimate, open, and active account.

(B)A licensee, in every location conducting business under a license issued pursuant to this chapter, conspicuously shall post and at all times display a notice stating the fee charged for deferred presentment services. A licensee shall file with the board a statement of the fees charged at every location licensed for deferred presentment services.

(C)A licensee shall endorse in the name of the licensee every check, draft, or money order presented by the licensee for payment or deposit.

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(A) A licensee may not advance monies on the security of a check unless the account on which the presented check is drawn is a legitimate, open, and active account. (B) A licensee, in every location conducting business under a license issued pursuant to this chapter, conspicuously shall post and at all times display a notice stating the fee charged for deferred presentment services. A licensee shall file with the board a statement of the fees charged at every location licensed for deferred presentment services. (C) A licensee shall endorse in the name of the licensee every check, draft, or money order presented by the licensee for payment or deposit.