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SC S0407

Joint Resolution

Official Source

Status

Introduced

3/4/2025

Primary Sponsor

Banking and Insurance

Click for details

Origin

Senate

126th General Assembly

AI Summary

  • Approves Regulation Document Number 5289 from the State Board of Financial Institutions regarding retention of bank records
  • Updates and simplifies outdated record retention language and requirements for financial institutions
  • Applies to state chartered banks, savings banks, savings and loan associations, and trust companies
  • Takes effect upon approval by the Governor

Legislative Description

Jr to Approve Doc. No. 5289

Last Action

Recommitted to Committee on Banking and Insurance

3/27/2025

Committee Referrals

Banking and Insurance3/27/2025

Full Bill Text

No bill text available