Operational instruction issued by the State Board of Financial Institutions October 6, 1999

Abstract

The South Carolina State Board of Financial Institutions issues operational instructions to state-chartered banks, savings and loan associations, credit unions, and licensed consumer finance companies to clarify or change rules for engaging in certain activities. These instruction state that State chartered banks, savings and loan associations, and credit unions are authorized to establish offsite cash dispensing machines without the approval of the state Board of Financial Institutions provided deposits are not accepted.