An Act to Amend Section 37-22-110, Code of Laws of South Carolina, 1976, Relating to Mortgage Lending Definitions, So as to Make Certain Changes and Define the Term "Loan Correspondent"; to Amend Section 37-22-140, Relating to Mortgage Lending License Applications, So as to Remove the State Fingerprint-based Criminal History Record Check Requirement, to Require Three Hours of Prelicensing Education on South Carolina Laws and Regulations, to Allow the Licensure of a Personal Residence Under Certain Circumstances, and to Allow for the Grant of Transitional Licenses Pursuant to the Safe Act; to Amend Section 37-22-150, Relating to Expiration and Renewal of Licenses, So as to Remove References to a State Fingerprint-based Criminal History Record Check; to Amend Section 37-22-160, Relating to Continuing Professional Education, So as to Require at Least One Hour of Annual Continuing Professional Education on South Carolina Laws and Regulations; to Amend Section 37-22-190, Relating to Prohibited Activities, So as to Remove a Reference to the Secretary of the Department of Housing and Urban Development; to Amend Section 37-22-210, Relating to the Commissioner's Records, So as to Update a Reference; to Amend Section 37-22-240, Relating to Criminal Background Checks, So as to Remove Certain Requirements and to Authorize the Nationwide Mortgage Licensing System and Registry to Retain Fingerprints for Certain Purposes; to Amend Section 37-22-270, Relating to Participation in the Nationwide Mortgage Licensing System and Registry, So as to Delete References to the South Carolina Law Enforcement Division; to Amend Section 37-23-75, Relating to Loan Disclosures, So as to Require a Loan Estimate to Be Made Under the Tila-respa Integrated Disclosure Rule, to Amend Section 40-58-20, Relating to Definitions Concerning the Licensing of Mortgage Brokers Act, So as to Make Certain Changes and Define the Term "Loan Correspondent"; to Amend Section 40-58-50, as Amended, Relating to Mortgage
It became law on Jun 1, 2017.
- Stage
- Became law
- Started in
- Senate
- Sponsor
- 1
- Latest action
- Jun 1, 2017
Where it stands
Introduced (Done)
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This bill passed and is now law.
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Once a bill is decided, the questions are about what is done with it in South Carolina.