South Carolina § 34-30-580 - Test appraisals of collateral securing loans; appraisers; appraisals by insurer of accounts; costs and expenses.
Full text of South Carolina South Carolina Code of Laws § 34-30-580 — Test appraisals of collateral securing loans; appraisers; appraisals by insurer of accounts; costs and expenses., with citation guidance and answers to common questions.
§ 34-30-580. Test appraisals of collateral securing loans; appraisers; appraisals by insurer of accounts; costs and expenses.
(A) The board may direct the making of test appraisals of real estate and other collateral securing loans made by state savings banks doing business in this State, employ competent appraisers, or prescribe a list from which competent appraisers may be selected, for the making of these appraisals by the board, and all other acts incident to the making of test appraisals.
(B) Instead of causing an appraisal to be made, the board may accept an appraisal caused to be made by the insurer of accounts.
(C) The expense and cost of test appraisals made under this section must be defrayed by the state savings bank subjected to the test appraisals, and each state savings bank doing business in this State shall pay all reasonable costs and expenses of the test appraisals when it is directed.
HISTORY: 1997 Act No. 90, SECTION 1, eff June 10, 1997.
Source: official South Carolina text · Last verified 2026-08-27
Frequently Asked Questions About South Carolina § 34-30-580
What does South Carolina Code of Laws § 34-30-580 cover?
Section 34-30-580 ("Test appraisals of collateral securing loans; appraisers; appraisals by insurer of accounts; costs and expenses.") 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 § 34-30-580?
A common citation format is "South Carolina Code of Laws § 34-30-580" (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 § 34-30-580 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.