State-chartered savings and loan associations are authorized to issue credit cards under the same terms and conditions as permitted federally chartered savings and loan associations by Section 545.4-3 of the Federal Home Loan Bank Board adopted by the Board on July 3, 1980, effective July 10, 1980, as amended by Federal Home Loan Bank Board Regulation Regulation 563.43 adopted November 26, 1980, and effective the same date.
S.C. Code Regs. § 15-36
Statutory Authority: 1976 Code Section 34-1-110