South Carolina S0409 approves regulations for state-chartered credit unions to make adjustable-rate mortgage loans.
South Carolina S0409 approves the regulations of the State Board of Financial Institutions concerning the terms and conditions for state-chartered credit unions to make adjustable-rate mortgage loans. This approval follows the repeal of Regulation 15-51, which allowed greater flexibility under current state law. The joint resolution takes effect upon approval by the Governor.
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