Restrictions on advancement of monies on security of check; posting of fees charged for deferred presentment services.

S.C. Code Ann. § 34-39-170
in effect
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(A) A licensee may not advance monies on the security of a check unless the account on which the presented check is drawn is a legitimate, open, and active account. (B) A licensee, in every location conducting business under a license issued pursuant to this chapter, conspicuously shall post and at all times display a notice stating the fee charged for deferred presentment services. A licensee shall file with the board a statement of the fees charged at every location licensed for deferred presentment services. (C) A licensee shall endorse in the name of the licensee every check, draft, or money order presented by the licensee for payment or deposit.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://www.scstatehouse.gov/code/t34c039.phpFetched: 10/17/2026

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