(A) This chapter may be cited as the Licensing of Mortgage Brokers Act.
(B) A person may not broker a mortgage loan as defined in this chapter unless the broker of the mortgage loan:
(1) is an exempt person as defined by Section 40-58-20(16); or
(2) has complied with the provisions of this chapter.
HISTORY: 2009 Act No. 67, Section 5.
Editor's Note
Prior Laws:1988 Act No. 544; 1993 Act No. 172, Section 1; 1998 Act No. 336, Section 2; 2005 Act No. 7, Section 1.
Structure South Carolina Code of Laws
Title 40 - Professions and Occupations
Chapter 58 - Licensing Of Mortgage Brokers Act
Section 40-58-10. Citation of chapter; mortgage loan broker requirements.
Section 40-58-20. Definitions.
Section 40-58-30. Mortgage brokers and loan originators to be licensed; exceptions.
Section 40-58-40. Surety bonds; determination of amount; uses.
Section 40-58-67. Continuing professional education requirements.
Section 40-58-70. Prohibited activities.
Section 40-58-75. Mortgage broker fee agreements disclosing charges.
Section 40-58-90. Request for contested case hearing before Administrative Law Court.
Section 40-58-100. Authority to promulgate regulations.
Section 40-58-110. License application and renewal fees; term of license; late renewals.
Section 40-58-120. Maintenance of records; composite annual report; confidentiality.
Section 40-58-130. Participation in Nationwide Mortgage Licensing System Registry.