S.C. Code Regs. § § 15-67

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

Section 15-67 - Check Cashing - Required Records and Retention Period

A. In order to comply with Section 34-41-60(E), a person required to be licensed by Chapter 41 must keep and maintain the following information for each check cashed for which a fee, a service charge, or other consideration is charged:

(1) The name of the licensee.

(2) The full name of the consumer.

(3) The complete address of the consumer.

(4) The transaction date.

(5) The amount of the check.

(6) The total amount of fees charged.

(7) The name of the payor of the check.

B. As permitted by Section 34-41-70(A), a person required to be licensed under Chapter 41 shall retain each book, account, and record that is required to be kept and maintained for one year from the end of the person's fiscal year in which the book, account, or record was created.

S.C. Code Regs. § 15-67

Added by State Register Volume 47, Issue No. 05, eff. 5/26/2023.