The provision under S.C. Code Ann. § 37-23-70(D) and according to the South Carolina Department of Affairs, at the time of application for a mortgage loan, the mortgage broker, originator, or employee shall provide the borrower with a document specifying the agency’s designation. To make the South Carolina Borrower Complaints document more appropriate, we have added both broker and originator to the document. The minor change includes the following:
- Changed the label for License Type from “Broker” to “Broker/Originator”
This change will take effect on November 21, 2020. Questions or concerns about this change may be directed towards Client Support at 1.800.497.3584.