S.C. Code Regs. § § 13-2301

Current through Register Vol. 48, No. 11, November 22, 2024

Section 13-2301 - Application for Currency Exchange License

A. All applications for new or renewal licenses must be made through the NMLS, unless otherwise expressly exempted from this requirement by the Commissioner in writing. Any person using the NMLS shall pay all associated costs.

B. In an application pursuant to Section 35-11-305, the applicant, and each Control Person and Executive Officer, shall furnish to the NMLS, together with the required fees:

(1) fingerprints for submission to the Federal Bureau of Investigation and to any other governmental agency or entity authorized to receive such information for a state, national, or international criminal history background check, and authorization for the Commissioner to obtain a criminal history background check; and

(2) authorization for the Commissioner to obtain an independent credit report and credit score from a consumer reporting agency.

C. Incomplete application files will be closed and deemed denied without prejudice, and all fees paid forfeited, when the applicant has not submitted information requested by the Commissioner within forty-five days. The applicant may reapply by submitting a new application package and new application fee.

S.C. Code Regs. § 13-2301

Added by State Register Volume 42, Issue No. 05, eff. 5/25/2018.