S.C. Code Regs. § § 79-5

Current through Register Vol. 48, No. 10, October 25, 2024

Section 79-5 - Bad Checks

Checks issued to the Manufactured Housing Board or by order of the Board by any retail dealer, manufacturer, salesperson, multi-lot salesperson, installer, repairer or contractor which are dishonored by the financial institution for any reason, and which are not made good within ten (10) days after notice of non-payment, are considered prima facie evidence of untrustworthiness or incompetency in such a manner as to endanger the interest of the public.

(1) If in payment of a license renewal, and a license is issued on the basis of such payment, that license will be immediately canceled.

(2) Where a check or checks are incorrectly returned by a bank or other depository because of the bank or depository's error, a statement to such effect from the institution will be required before a license will be reinstated.

S.C. Code Regs. § 79-5

Added by State Register Volume 29, Issue No. 2, eff February 25, 2005.