South Carolina Board of Financial Institutions - Consumer Finance Division

Please Note

We are a service company that can help you file with the South Carolina Board of Financial Institutions - Consumer Finance Division. We are not associated with this nor any other government agency. We offer paid services and software to help you file. You are not required to purchase our service to file - you may file directly with this agency without using our service.

Contact Information

Physical address:
1205 Pendleton Street
Suite 306
Columbia, SC 29201

Phone: (803) 734-2020
Fax: (803) 734-2025

Web: Home Name search

Licenses

We track the following licenses with the South Carolina Board of Financial Institutions - Consumer Finance Division in order to provide compliance services to our clients. As a client, you see this and other Compliance Core™ data in License Manager in-line with your licenses.

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South Carolina Deferred Presentment Branch License

Agency:South Carolina Board of Financial Institutions - Consumer Finance Division
Foreign Qualification is Prerequisite:No
Registered Agent (Special Agency) Required?No

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$1500 application/investigation fee

Registration Renewal

Filing Method:

Online

Agency Fee:

$750

Due:

  • Licenses expire on December 31 of each year. Licensees are recommeded to renew by November 1.
  • Licenses issued in November or December remain valid through the next renewal period.

South Carolina Deferred Presentment Company License

Agency:South Carolina Board of Financial Institutions - Consumer Finance Division
Foreign Qualification is Prerequisite:Yes
Registered Agent (Special Agency) Required?Yes

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$1500 application/investigation fee + $15 credit report fee

Registration Renewal

Filing Method:

Online

Agency Fee:

$1,500

Due:

  • Licenses expire on December 31 of each year. Licensees are recommeded to renew by November 1.
  • Licenses issued in November or December remain valid through the next renewal period.

South Carolina Level I Check Cashing Branch License

Agency:South Carolina Board of Financial Institutions - Consumer Finance Division
Foreign Qualification is Prerequisite:No
Registered Agent (Special Agency) Required?No

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$0

Registration Renewal

Filing Method:

Online

Agency Fee:

$50

Due:

  • Licenses expire on December 31 of each year. Licensees are recommeded to renew by November 1.
  • Licenses issued in November or December remain valid through the next renewal period.

South Carolina Level I Check Cashing Company License

Agency:South Carolina Board of Financial Institutions - Consumer Finance Division
Foreign Qualification is Prerequisite:Yes
Registered Agent (Special Agency) Required?Yes

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$750 application/investigation fee + $15 credit report fee

Registration Renewal

Filing Method:

Online

Agency Fee:

$250

Due:

  • Licenses expire on December 31 of each year. Licensees are recommeded to renew by November 1.
  • Licenses issued in November or December remain valid through the next renewal period.

South Carolina Level II Check Cashing Branch License

Agency:South Carolina Board of Financial Institutions - Consumer Finance Division
Foreign Qualification is Prerequisite:No
Registered Agent (Special Agency) Required?No

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$0

Registration Renewal

Filing Method:

Online

Agency Fee:

$50

Due:

  • Licenses expire on December 31 of each year. Licensees are recommeded to renew by November 1.
  • Licenses issued in November or December remain valid through the next renewal period.

South Carolina Level II Check Cashing Company License

Agency:South Carolina Board of Financial Institutions - Consumer Finance Division
Foreign Qualification is Prerequisite:Yes
Registered Agent (Special Agency) Required?Yes

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$750 application/investigation fee + $15 credit report fee

Registration Renewal

Filing Method:

Online

Agency Fee:

$250

Due:

  • Licenses expire on December 31 of each year. Licensees are recommeded to renew by November 1.
  • Licenses issued in November or December remain valid through the next renewal period.

South Carolina Mortgage Lender / Servicer License

Agency:South Carolina Board of Financial Institutions - Consumer Finance Division
Foreign Qualification is Prerequisite:No
Registered Agent (Special Agency) Required?No

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$1100 + $15 credit report fee + $36.25 background check fee

Registration Renewal

Filing Method:

Online

Agency Fee:

$700

Due:

  • Licenses expire on December 31 of each year. Licensees are recommeded to renew by November 1.
  • Licenses issued in November or December remain valid through the next renewal period.

South Carolina Mortgage Lender/Servicer Branch License

Agency:South Carolina Board of Financial Institutions - Consumer Finance Division
Foreign Qualification is Prerequisite:No
Registered Agent (Special Agency) Required?No

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$170 + $15 credit report fee

Registration Renewal

Filing Method:

Online

Agency Fee:

$75

Due:

  • Licenses expire on December 31 of each year. Licensees are recommeded to renew by November 1.
  • Licenses issued in November or December remain valid through the next renewal period.

South Carolina Mortgage Loan Originator License

Agency:South Carolina Board of Financial Institutions - Consumer Finance Division

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$80 + $15 credit report fee + $36.25 background check fee

Registration Renewal

Filing Method:

Online

Agency Fee:

$50

Due:

  • Licenses expire on December 31 of each year. Licensees are recommeded to renew by November 1.
  • Licenses issued in November or December remain valid through the next renewal period.

South Carolina Sales Finance Company License

Not required



Sales Finance Company licensure is not required on the State level in South Carolina.

Entities that are involved solely in retail sales agreement transactions are not required to be licensed by the CFD.

More information: South Carolina Board of Financial Institutions - Consumer Finance Division

South Carolina Supervised Lender Branch License

Agency:South Carolina Board of Financial Institutions - Consumer Finance Division
Foreign Qualification is Prerequisite:No
Registered Agent (Special Agency) Required?No

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$300 license fee

Registration Renewal

Filing Method:

Online

Agency Fee:

$600

Due:

  • Licenses expire on December 31 of each year. Licensees are recommeded to renew by November 1.
  • Licenses issued in November or December remain valid through the next renewal period.

South Carolina Supervised Lender Company License

Agency:South Carolina Board of Financial Institutions - Consumer Finance Division
Foreign Qualification is Prerequisite:Yes
Registered Agent (Special Agency) Required?Yes

Initial Registration

Instructions:

New Application

Filing Method:

Online

Agency Fee:

$300 application fee + $15 credit report fee

Registration Renewal

Filing Method:

Online

Agency Fee:

$600

Due:

Annually by December 31.

Supplemental Reporting

Agency Fee:

$0

Due:

Annually by April 15.

Law:

SC Code § 37-3-505

Notes:

On or before April fifteenth each year every licensee shall file with the board a composite annual report in the form prescribed by the board relating to all supervised loans made by him. The report shall include, but is not limited to, the following:

  • The total number of loans and aggregate dollar amounts made by the lender which renewed existing accounts;
  • The total number of new loans and aggregate dollar amounts made to former borrowers;
  • The total number of loans and aggregate dollar amounts made to new borrowers;
  • The total number of loans and aggregate dollar amounts which received a final entry, as provided in item 1, other than by renewal;
  • The total number of renewals in which the borrower received a cash advance which was less than ten percent of the net outstanding loan balance at the time of renewal;
  • The total number of loans and aggregate dollar amounts outstanding at the beginning of the reporting period;
  • The total number of loans and aggregate dollar amounts outstanding at the end of the reporting period;
  • The highest annual percentage rate charged by the lender on loans of various sizes; and
  • The most frequent annual percentage rate charged by the lender on loans of various sizes.

Related Government Agencies

Explore other South Carolina government agencies we can help you stay compliant with:


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