(A) The commissioner may promulgate regulations necessary to effectuate the purposes of this chapter.
(B) For the purpose of participating in the Nationwide Mortgage Licensing System and Registry, the commissioner may waive or modify, in whole or in part, by rule, regulation, or order, any or all of the requirements of this chapter and establish new requirements as reasonably necessary to participate in the Nationwide Mortgage Licensing System and Registry.
(C) For the purposes of implementing an orderly and efficient licensing process, the commissioner may establish licensing rules or regulations and interim procedures for licensing and acceptance of applications. For previously registered or licensed individuals, the commissioner may establish expedited reviews, expedited licensing procedures, and grandfather provisions.
HISTORY: 2009 Act No. 67, Section 2, eff January 1, 2010.
Structure South Carolina Code of Laws
Title 37 - Consumer Protection Code
Section 37-22-110. Definitions.
Section 37-22-120. Licensing requirements.
Section 37-22-130. Contested case proceedings; appeals.
Section 37-22-160. Continuing professional education.
Section 37-22-180. Notice of change of address; display of license.
Section 37-22-190. Prohibited activities; violation of state or federal law.
Section 37-22-220. Maintenance of records by licensee; annual mortgage reports.
Section 37-22-230. Violations of chapter; penalties.
Section 37-22-240. Criminal background checks.
Section 37-22-250. Funds payable to commissioner.
Section 37-22-260. Promulgation of regulations.
Section 37-22-270. Participation in Nationwide Mortgage Licensing System and Registry.