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S.C. Code Ann. § 15-50-150

Assignees not required to register

Known as the Structured Settlement Protection Act

The act spans §§ 15-50-10 to 15-50-90 (18 sections).

2023 Act No. 22 (S.259), SECTION 15, eff January 1, 2024.

(A) An assignee is not required to register as a structured settlement purchase company to acquire structured settlement payment rights or to take a security interest in structured settlement payment rights that were transferred by the payee to a structured settlement purchase company.

(B) An employee of a structured settlement purchase company, if acting on behalf of the structured settlement purchase company in connection with a transfer, is not required to register with the Secretary as provided under this chapter.

Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.