South Carolina § 35-11-705 - Suspension and revocation of authorized delegates.
Full text of South Carolina South Carolina Code of Laws § 35-11-705 — Suspension and revocation of authorized delegates., with citation guidance and answers to common questions.
§ 35-11-705. Suspension and revocation of authorized delegates.
(A) The Commissioner may issue an order suspending or revoking the designation of an authorized delegate, if the Commissioner finds that the:
(1) authorized delegate violated this chapter or a regulation or an order issued pursuant to this chapter;
(2) authorized delegate did not cooperate with an examination or investigation by the Commissioner;
(3) authorized delegate engaged in fraud, intentional misrepresentation, or gross negligence;
(4) authorized delegate is convicted of a violation of a state or federal anti-money laundering statute;
(5) competence, experience, character, or general fitness of the authorized delegate or a person in control of the authorized delegate indicates that it is not in the public interest to permit the authorized delegate to provide money services; or
(6) authorized delegate is engaging in an unsafe or unsound practice.
(B) In determining whether an authorized delegate is engaging in an unsafe or unsound practice, the Commissioner may consider the size and condition of the authorized delegate's provision of money services, the magnitude of the loss, the gravity of the violation of this chapter or a regulation or order issued pursuant to this chapter, and the previous conduct of the authorized delegate.
(C) The Commissioner shall issue a formal written notice of the suspension or revocation. The Commissioner shall set forth in the order the specific reasons for the suspension or revocation. An authorized delegate may request a hearing within thirty days after receipt of the written notice of suspension or revocation pursuant to Section 35-11-710.
HISTORY: 2016 Act No. 266 (H.4554), SECTION 1, eff May 25, 2018; 2024 Act No. 218 (S.1031), SECTION 1, eff July 2, 2024.
Effect of Amendment
2024 Act No. 218, SECTION 1, substituted "Commissioner" for "commissioner" throughout the section; in (A)(1) and in (B), substituted "regulation" for "rule adopted"; and rewrote (C).
Source: official South Carolina text · Last verified 2026-08-27
Frequently Asked Questions About South Carolina § 35-11-705
What does South Carolina Code of Laws § 35-11-705 cover?
Section 35-11-705 ("Suspension and revocation of authorized delegates.") is part of the South Carolina Code of Laws, the codified statutory law of South Carolina. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite South Carolina § 35-11-705?
A common citation format is "South Carolina Code of Laws § 35-11-705" (South Carolina). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of South Carolina law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the South Carolina official source linked on this page or consult a licensed South Carolina attorney.
How does South Carolina § 35-11-705 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in South Carolina can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in South Carolina.