South Carolina Code of Regulations
Chapter 15 - STATE BOARD OF FINANCIAL INSTITUTIONS CONSUMER FINANCE DIVISION
Article 1 - BANKING, COMMERCIAL PAPER AND FINANCE
Section 15-38 - Consumer Loans, Commercial Paper, and Corporate Debt Securities
Universal Citation: SC Code Regs 15-38
Current through Register Vol. 48, No. 3, March 22, 2024
State-chartered savings and loan associations are authorized to invest in consumer loans, commercial paper and corporate debt securities under the same terms and conditions permitted federally chartered savings and loan associations by Sections 545.7-10 and Regulation 545.9-4 of the Federal Home Loan Bank Board Regulation 545 adopted November 10, 1980, effective November 17, 1980.
Statutory Authority: 1976 Code Section 34-1-110
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