South Carolina HB 3790 requires
mortgage loan originators to comply with the new bonding requirements enacted in 2009, which means that originators must be covered by a bond in an amount based on the loan origination volume. A bond in an amount ranging from $50,000 to $150,000 currently is required for lenders and $25,000 to $55,000 for brokers. The new law became effective upon enactment. ENACTED: 06/29/2010