South Carolina Statutes
§ 15-50-150 — Assignees not required to register.
(A)An assignee is not required to register as a structured settlement purchase company to acquire structured settlement payment rights or to take a security interest in structured settlement payment rights that were transferred by the payee to a structured settlement purchase company.
(B)An employee of a structured settlement purchase company, if acting on behalf of the structured settlement purchase company in connection with a transfer, is not required to register with the Secretary as provided under this chapter.
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South Carolina § 15-50-150 (Assignees not required to register.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 2023 Act No. 22 (S.259), SECTION 15, eff January 1, 2024. Editor's Note 2023 Act No. 22, SECTION 20, provides as follows: "SECTION 20. SECTION 9 through SECTION 16 take effect on January 1, 2024. All other SECTIONS take effect on July 1, 2023, and apply to applications filed on or after the effective date."
Nearby Sections
15
§ 15-50-10
Short title.§ 15-50-100
Registration valid for one year.§ 15-50-110
Registration applications; bond.§ 15-50-120
Notice of judgements required to be filed.§ 15-50-130
Exclusions for breaches or omissions.§ 15-50-150
Assignees not required to register.§ 15-50-20
Definitions.