South Carolina Statutes
§ 34-45-50 — Cease and desist orders.
Each savings promotion contest is subject to oversight by the appropriate state or federal regulatory agency of the participating financial institution, and the appropriate state or federal regulatory agency may issue cease and desist orders relating to the savings promotion contests if the regulatory agency concludes, based on substantial evidence, that a financial institution is engaging in unsafe or unsound practices or that the financial institution is in violation of any law, regulation, or any condition or written agreement imposed by the regulatory agency.
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South Carolina § 34-45-50 (Cease and desist orders.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 2016 Act No. 203 (S.652), SECTION 1, eff June 3, 2016.
Nearby Sections
6
§ 34-45-10
Legislative findings.§ 34-45-20
Definitions.§ 34-45-30
Savings promotion contests authorized.§ 34-45-50
Cease and desist orders.