South Carolina Code of Regulations
Chapter 8 - BUILDING CODES COUNCIL
Article 6 - MODULAR BUILDING CONSTRUCTION
Section 8-623 - Security Requirement

Universal Citation: SC Code Regs 8-623
Current through Register Vol. 48, No. 9, September 27, 2024

Before any license may be issued, a corporate surety bond or other security approved by the Council must be provided. The bond must designate the licensee as principal and be issued for the biennial period of the license.

Bonds shall be in the amount of seventy-five thousand dollars ($75,000.00) for manufacturers and ten thousand dollars ($10,000.00) for manufacturer's representatives. All bonds shall be to the Council and in favor of any person who suffers loss as a result of any violation of the Act or these regulations. A new bond or proper continuation certificate shall be delivered to the Council at the beginning of each biennial license period. The aggregate liability of the bond or security in any one (1) year shall not exceed its total annual amount. No applicant shall be required to have more than one (1) bond.

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