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S.C. Code Ann. § 35-11-300

License required

Known as the South Carolina Uniform Money Services Act

The act spans §§ 35–35 (49 sections).

2016 Act No. 266 (H.4554), SECTION 1, eff May 25, 2018; 2024 Act No. 218 (S.1031), SECTION 1, eff July 2, 2024.

(A) A person may not engage in currency exchange or advertise, solicit, or hold himself out as providing currency exchange for which the person receives revenues equal or greater than five percent of total revenues unless the person is:

(1) licensed pursuant to this article;

(2) licensed for money transmission pursuant to Article 2; or

(3) an authorized delegate of a person licensed pursuant to Article 2.

(B) A license issued pursuant to this chapter is not transferable or assignable.

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