S 925

South Carolina General Assembly
126th Session, 2025-2026
Bill 925
Indicates Matter Stricken
Indicates New Matter
(Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.)
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 11:32 AM