South Carolina Code of Regulations
Chapter 15 - STATE BOARD OF FINANCIAL INSTITUTIONS CONSUMER FINANCE DIVISION
Article 1 - BANKING, COMMERCIAL PAPER AND FINANCE
Section 15-39G - Balloon Payment and Reverse Annuity Mortgage Loans by State-chartered Savings and Loan Associations
Universal Citation: SC Code Regs 15-39G
Current through Register Vol. 48, No. 3, March 22, 2024
State-chartered savings and loan associations will be authorized to make balloon payment mortgage loans and reverse annuity mortgage loans under the same terms and conditions as will be permitted federally chartered savings and loan associations by a proposed amendment dated July 14, 1981, of the Federal Home Loan Bank Board to part 545, subchapter C, Chapter V of Title 12, Code of Federal Regulations.
Statutory Authority: 1976 Code Section 34-1-110
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