Bill Text: SC S0925 | 2025-2026 | 126th General Assembly | Introduced
Bill Title: State Board of Financial Institutions - JR to Approve Regulation Document No. 5393
Sponsorship: Committee Bill
Status: (Introduced) 2026-03-04 - Recommitted to Committee on Banking and Insurance [S0925 Detail]
Download: South_Carolina-2025-S0925-Introduced.html
South Carolina General Assembly
126th Session, 2025-2026
(Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.)
Introduced
February 12, 2026
S. 925
Introduced by Senate Banking and Insurance Committee
S. Printed 2/12/26--S.
Read the first time February 12, 2026
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A JOINT RESOLUTION
TO APPROVE REGULATIONS OF THE State Board of Financial Institutions, RELATING TO Non-interest Bearing Negotiable Order of Withdrawal (NINOW) Accounts by State-chartered Savings and Loan Associations, DESIGNATED AS REGULATION DOCUMENT NUMBER 5393, PURSUANT TO THE PROVISIONS OF ARTICLE 1, CHAPTER 23, TITLE 1 OF THE SOUTH CAROLINA CODE OF LAWS.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. The regulations of the State Board of Financial Institutions, relating to Non-interest Bearing Negotiable Order of Withdrawal (NINOW) Accounts by State-chartered Savings and Loan Associations, designated as Regulation Document Number 5393, and submitted to the General Assembly pursuant to the provisions of Article 1, Chapter 23, Title 1 of the S.C. Code, are approved.
SECTION 2. This joint resolution takes effect upon approval by the Governor.
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SUMMARY AS SUBMITTED
BY PROMULGATING AGENCY.
The South Carolina State Board of Financial Institutions proposes to repeal R.15-39D as unnecessary because Section 34-28-500 of the South Carolina Code already allows these types of accounts.
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This web page was last updated on February 12, 2026 at 02:34 PM
