A person shall not act as a transferee, attempt to acquire structured settlement payment rights through a transfer from a payee who resides in this State, or file a structured settlement transfer proceeding unless the person is registered with the Secretary to do business in this State as a structured settlement purchase company.
S.C. Code Ann. § 15-50-90
Structured settlement purchase companies to register with Secretary of State
Known as the Structured Settlement Protection Act
The act spans §§ 15–15 (18 sections).
2023 Act No. 22 (S.259), SECTION 9, eff January 1, 2024.
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.