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Can you summarize SCSR Section 15-18?

Banking, Commercial Paper and Finance > Brokered Deposit Funds.

Short Summary

(Statutory Authority: 1976 Code 34-1-60) State chartered banks are hereby prohibited from accepting brokered deposit funds where tie-in loans are required to be made as a condition for the deposit of such funds.

Jurisdiction

South Carolina

Source
SCSR Section 15-18 [https://reggi.cloud.regology.com/regulations/US-SCSR/US-SCSR_C_15_A_1_S_18]