South Carolina § 40-60-120 Fines and penalties; delivery of notice of revocation or suspension; consent orders.

South Carolina Statutes

§ 40-60-120 — Fines and penalties; delivery of notice of revocation or suspension; consent orders.

South Carolina § 40-60-120

Title 40PROFESSIONS AND OCCUPATIONS

Ch. 60REAL ESTATE APPRAISERS AND APPRAISAL MANAGEMENT COMPANIES

This text of South Carolina § 40-60-120 (Fines and penalties; delivery of notice of revocation or suspension; consent orders.) 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. § 40-60-120 (2026).

Text

(A)In addition to the powers and duties enumerated in Section 40-1-120, the board may impose a fine of up to two thousand dollars to be paid for each violation of the provisions of this chapter or of the regulations promulgated by the board, but the total penalty or fine for violations may not exceed ten thousand dollars, and may require payment of the costs of the disciplinary action. Fines are payable immediately upon the effective date of discipline unless otherwise provided by the board. Interest accrues after fines are due at the maximum rate allowed by law. No licensee against whom a fine is levied is eligible for reinstatement until the fine has been paid in full.

(B)A decision by the board to publicly or privately reprimand, fine, revoke, suspend, or otherwise restrict a license

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(A) In addition to the powers and duties enumerated in Section 40-1-120, the board may impose a fine of up to two thousand dollars to be paid for each violation of the provisions of this chapter or of the regulations promulgated by the board, but the total penalty or fine for violations may not exceed ten thousand dollars, and may require payment of the costs of the disciplinary action. Fines are payable immediately upon the effective date of discipline unless otherwise provided by the board. Interest accrues after fines are due at the maximum rate allowed by law. No licensee against whom a fine is levied is eligible for reinstatement until the fine has been paid in full. (B) A decision by the board to publicly or privately reprimand, fine, revoke, suspend, or otherwise restrict a license or to limit or otherwise discipline a licensee becomes effective upon delivery of a copy of the decision to the licensee. (C) Nothing in this section prevents a licensee from voluntarily entering into a consent order with the board wherein violations are not contested and sanctions are accepted.

Legislative History

HISTORY: 2006 Act No. 257, SECTION 1; 2016 Act No. 243 (H.5023), SECTION 8, eff June 5, 2016. Effect of Amendment 2016 Act No. 243, SECTION 8, in (B), inserted "publicly or privately reprimand, fine", and deleted text relating to a petition of review operating as a supersedeas or stay.