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S925 • 2026

State Board of Financial Institutions - JR to Approve Regulation Document No. 5393

State Board of Financial Institutions - JR to Approve Regulation Document No. 5393

Active

The official status still shows this bill as active or still awaiting another formal step.

Sponsor
Banking and Insurance Committee
Last action
2026-03-04
Official status
Recommitted to Committee on Banking and Insurance ( Senate Journal-page 36 )
Effective date
Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

State Board of Financial Institutions - JR to Approve Regulation Document No. 5393

State Board of Financial Institutions - JR to Approve Regulation Document No.

What This Bill Does

  • State Board of Financial Institutions - JR to Approve Regulation Document No.
  • 5393

Limits and Unknowns

  • This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Bill History

  1. 2026-03-04 Senate

    Recommitted to Committee on Banking and Insurance ( Senate Journal-page 36 )

  2. 2026-02-12 Senate

    Introduced, read first time, placed on calendar without reference ( Senate Journal-page 3 )

Official Summary Text

State Board of Financial Institutions - JR to Approve Regulation Document No. 5393

Current Bill Text

Read the full stored bill text 
2025-2026 Bill 925: State Board of Financial Institutions - JR to Approve Regulation Document No. 5393 - South Carolina Legislature Online

South Carolina General Assembly

126th Session, 2025-2026

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S. 925

STATUS INFORMATION

Joint Resolution

Sponsors: Banking and Insurance Committee

Document Path: LC-0647WAB-DBS26.docx

Introduced in the Senate on February 12, 2026

Currently residing in the Senate Committee on
Banking and Insurance

Summary: State Board of Financial Institutions - JR to Approve Regulation Document No. 5393
HISTORY OF LEGISLATIVE ACTIONS

Date

Body

Action Description with journal page number

2/12/2026

Senate

Introduced, read first time, placed on calendar
without reference (
Senate Journal-page 3
)

3/4/2026

Senate

Recommitted to Committee on
Banking and Insurance
(
Senate Journal-page 36
)

View the latest
legislative information
at the website

VERSIONS OF THIS BILL

02/12/2026

02/12/2026-A

Introduced

February 12, 2026

S. 925

Introduced by Senate Banking and Insurance Committee

S. Printed 2/12/26--S.

Read the first time February 12, 2026

________

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:

S
ECTION

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.

S
ECTION

2.

This joint resolution takes effect upon approval by the Governor.

----XXX----

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.

----XX----

This web page was last updated on March 5, 2026 at 8:53 AM