There is a newer version of the South Carolina Code of Laws
2013 South Carolina Code of Laws
Title 34 - Banking, Financial Institutions and Money
CHAPTER 28 - SAVINGS ASSOCIATIONS
SECTION 34-28-570. Maximum loans to one borrower.
SC Code § 34-28-570 (2013) What's This?
An association may make a loan to one borrower up to the amount authorized by federal law or regulation for institutions insured by the Federal Savings and Loan Insurance Corporation, any successor thereto, or assignee federal agency established for the purpose of insuring savings accounts in associations.
HISTORY: 1985 Act No. 124, Section 1.
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