PocketLaw | South Carolina Code Of Laws | Licensing Of Mortgage

Licensing Of Mortgage Brokers Act

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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
40-58-50

Application for licensure; applicant work experience and education requirements; exceptions; license required for qualified loan originator.

Section
40-58-55

(Reserved).

Section
40-58-60

Issuance of license; contents and posting; issuance as indication of approval of contracts by State or state agency; correction of errors; advertising.

Section
40-58-65

Maintenance, availability, and examination of records; mortgage loan logs; official place of business; notice to close branch office or to cease business in State.

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
40-58-78

Mortgage broker fee agreement requirements; penalty for violations; unintentional violations.

Section
40-58-80

Denial, suspension, revocation, or nonrenewal of license; grounds; administrative penalty; cease and desist orders; investigation or examination of loans; notification of national registry.

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.