South Carolina Statutes

§ 34-41-42 — Requirements for mobile check-cashing services.

South Carolina·Title 34 BANKING, FINANCIAL INSTITUTIONS AND MONEY·Ch. 41 CHECK-CASHING SERVICES

For the purposes of this chapter, all mobile check-cashing services must:

(1)be licensed as a Level I licensee;
(2)be a registered and licensed armored vehicle in accordance with the laws of this State;
(3)be considered a "branch" of a check-cashing business for purposes of licensure through this chapter; and (4) keep records in accordance with this chapter that are returned daily to either the main office or another nonmobile branch of the business.

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Legislative History

HISTORY: 1998 Act No. 433, SECTION 2, eff upon approval (became law without the Governor's signature on June 11, 1998).

Nearby Sections

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