This bill approves a new regulation for South Carolina credit unions to establish record retention requirements.

This bill approves the State Board of Financial Institutions' regulation on record retention for credit unions. The regulation, designated as Document Number 5285, sets forth the requirements for how long credit unions must keep their records. The regulation was drafted and published in the State Register, and this bill formalizes its approval. The regulation takes effect upon the Governor's approval.

This bill approves a new regulation for South Carolina credit unions to establish record retention requirements.

This bill approves the State Board of Financial Institutions' regulation on record retention for credit unions. The regulation, designated as Document Number 5285, sets forth the requirements for how long credit unions must keep their records. The regulation was drafted and published in the State Register, and this bill formalizes its approval. The regulation takes effect upon the Governor's approval.