# S.C. Code Ann. § 40-58-10: SECTION 40-58-10. Citation of chapter; mortgage loan broker requirements

> South Carolina · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_SC_T40_C58_S40-58-10

## Section

- **Citation:** S.C. Code Ann. § 40-58-10
- **Heading:** SECTION 40-58-10. Citation of chapter; mortgage loan broker requirements
- **Jurisdiction:** South Carolina
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** SC Code / Title 40 / Chapter 58 / Section 40-58-10

## Text

(A) This chapter may be cited as the Licensing of Mortgage Brokers Act. (B) A person may not broker a mortgage loan as defined in this chapter unless the broker of the mortgage loan: (1) is an exempt person as defined by Section 40-58-20(16); or (2) has complied with the provisions of this chapter. Editor's Note Prior Laws:1988 Act No. 544; 1993 Act No. 172, SECTION 1; 1998 Act No. 336, SECTION 2; 2005 Act No. 7, SECTION 1.

## Nearby sections

- [S.C. Code Ann. § 40-58-10 SECTION 40-58-10. Citation of chapter; mortgage loan broker requirements.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T40_C58_S40-58-10.md)
- [S.C. Code Ann. § 40-58-20 SECTION 40-58-20. Definitions.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T40_C58_S40-58-20.md)
- [S.C. Code Ann. § 40-58-30 SECTION 40-58-30. Mortgage brokers and loan originators to be licensed; exceptions.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T40_C58_S40-58-30.md)
- [S.C. Code Ann. § 40-58-40 SECTION 40-58-40. Surety bonds; determination of amount; uses.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T40_C58_S40-58-40.md)
- [S.C. Code Ann. § 40-58-50 SECTION 40-58-50. Application for licensure; applicant work experience and education requirements; exceptions; license required for qualified loan originator.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T40_C58_S40-58-50.md)
- [S.C. Code Ann. § 40-58-60 SECTION 40-58-60. Issuance of license; contents and posting; issuance as indication of approval of contracts by State or state agency; correction of errors; advertising.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T40_C58_S40-58-60.md)
- [S.C. Code Ann. § 40-58-65 SECTION 40-58-65. Maintenance, availability, and examination of records; mortgage loan logs; official place of business; notice to close branch office or to cease business in State.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T40_C58_S40-58-65.md)
- [S.C. Code Ann. § 40-58-67 SECTION 40-58-67. Continuing professional education requirements.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T40_C58_S40-58-67.md)
- [S.C. Code Ann. § 40-58-70 SECTION 40-58-70. Prohibited activities.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T40_C58_S40-58-70.md)
- [S.C. Code Ann. § 40-58-75 SECTION 40-58-75. Mortgage broker fee agreements disclosing charges.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T40_C58_S40-58-75.md)
- [S.C. Code Ann. § 40-58-78 SECTION 40-58-78. Mortgage broker fee agreement requirements; penalty for violations; unintentional violations.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T40_C58_S40-58-78.md)
- [S.C. Code Ann. § 40-58-80 SECTION 40-58-80. Denial, suspension, revocation, or nonrenewal of license; grounds; administrative penalty; cease and desist orders; investigation or examination of loans; notification of national registry.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T40_C58_S40-58-80.md)
- [S.C. Code Ann. § 40-58-90 SECTION 40-58-90. Request for contested case hearing before Administrative Law Court.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T40_C58_S40-58-90.md)
- [S.C. Code Ann. § 40-58-100 SECTION 40-58-100. Authority to promulgate regulations.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T40_C58_S40-58-100.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_SC_T40_C58_S40-58-10. Check the current official text before relying on it. Not legal advice.