South Carolina § 31-19-10 - Financial institutions authorized to make loans eligible for Federal housing insurance.
Full text of South Carolina South Carolina Code of Laws § 31-19-10 — Financial institutions authorized to make loans eligible for Federal housing insurance., with citation guidance and answers to common questions.
§ 31-19-10. Financial institutions authorized to make loans eligible for Federal housing insurance.
Banks, savings banks, trust companies, insurance companies, Federal Housing Administration approved mortgagees and other financial institutions subject to the laws of this State may:
(1) Make such loans and advances of credit as are eligible for insurance by the Federal Housing Administrator and obtain such insurance;
(2) Make such loans, secured by real property or leasehold, as the Federal Housing Administrator insures or makes commitment to insure and obtain such insurance;
(3) Make such loans as are fully guaranteed by any Federal agency under the provisions of Title III of the Servicemen's Readjustment Act of 1944 or any amendment thereto; and
(4) Make such loans as are partially guaranteed under the provisions of Title III of Servicemen's Readjustment Act of 1944 or any amendment thereto, but only as may be permitted by regulations of the State Board of Bank Control.
HISTORY: 1962 Code SECTION 36-601; 1952 Code SECTION 36-601; 1942 Code SECTION 7838-1; 1935 (39) 67; 1937 (40) 406; 1945 (44) 4; 1968 (55) 2639.
Source: official South Carolina text · Last verified 2026-08-27
Frequently Asked Questions About South Carolina § 31-19-10
What does South Carolina Code of Laws § 31-19-10 cover?
Section 31-19-10 ("Financial institutions authorized to make loans eligible for Federal housing insurance.") 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 § 31-19-10?
A common citation format is "South Carolina Code of Laws § 31-19-10" (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 § 31-19-10 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.