South Carolina § 38-53-270 - Professional bondsmen required to maintain security deposits with clerk of court.
Full text of South Carolina South Carolina Code of Laws § 38-53-270 — Professional bondsmen required to maintain security deposits with clerk of court., with citation guidance and answers to common questions.
§ 38-53-270. Professional bondsmen required to maintain security deposits with clerk of court.
Each professional bondsman acting as surety on bail bonds in this State shall maintain security deposits with the clerk of court of the county in which the bondsman has his primary place of business equal to at least one-fourth of the amount of all bonds or undertakings written in this State on which he is absolutely or conditionally liable as of the first day of the current month. A minimum of ten thousand dollars of this collateral shall be in the form of cash deposited with the clerk of court or certificates of deposit pledged to the clerk of court. Any remaining collateral shall be pledges of real estate, the value of which shall be based upon the appraised value by the county tax assessor. The real estate shall be free and clear of any encumbrances based upon a title opinion furnished to the clerk of court by the bondsman.
HISTORY: Former 1976 Code SECTION 38-63-280 [1985 Act No. 189, SECTION 1] recodified as SECTION 38-53-270 by 1987 Act No. 155, SECTION 1; 1995 Act No. 118, SECTION 1; 1998 Act No. 425, SECTION 2.
Source: official South Carolina text · Last verified 2026-08-27
Frequently Asked Questions About South Carolina § 38-53-270
What does South Carolina Code of Laws § 38-53-270 cover?
Section 38-53-270 ("Professional bondsmen required to maintain security deposits with clerk of court.") 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 § 38-53-270?
A common citation format is "South Carolina Code of Laws § 38-53-270" (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 § 38-53-270 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.