S.C. Code § 40-58-10 : — PROFESSIONS AND OCCUPATIONSLICENSING OF MORTGAGE BROKERS ACT —58-10 - Citation of chapter; mortgage loan broker requirements

(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.

S.C. Code § 40-58-10

Amended by 2009 S.C. Acts, Act No. 67 (SB 673), s 5, eff. 1/1/2010.

Prior Laws:1988 Act No. 544; 1993 Act No. 172, Section 1; 1998 Act No. 336, Section 2; 2005 Act No. 7, Section 1.