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Can I collect credit card information from participants in South Carolina? What are the requirements?

Based on the context documents, it appears that you may be referring to collecting credit card information from individuals in South Carolina.

Requirements for Collecting Credit Card Information in South Carolina

In South Carolina, there are laws regarding financial transaction card fraud [1.2]. It is important to note that collecting credit card information without proper authorization or for fraudulent purposes is illegal and can result in criminal charges [1.2].

If you are a financial institution authorized to do business in South Carolina, you may conduct a savings promotion contest in accordance with the provisions of SCCL 34-45-30 for the purposes of encouraging its depositors to maintain savings accounts and to increase personal savings [4.1].

If you are a credit counseling organization, you must be licensed pursuant to SCCL 37-7-102 and comply with the requirements outlined in the chapter [2.1]. This includes providing credit counseling services for a fee, compensation, or gain, or in the expectation of a fee, compensation, or gain, including debt management plans [2.2]. A credit counseling organization, through its credit counselors, may not engage in credit counseling services or a debt management plan unless a thorough and written budget analysis is compiled and a copy delivered to the debtor [2.5].

It is important to note that any information obtained from an application for the issuance, renewal, or replacement of a special identification card shall be confidential and shall not be divulged to any person, association, corporation or organization, public or private, except to the legal guardian or attorney of the applicant, or to a person, association, corporation or organization named in writing by the applicant, his legal guardian or his attorney [3.1].

Without more information about your specific situation, it is not possible to provide a definitive answer. If you have further questions or concerns, it is recommended that you consult with a legal professional.

Please let me know if you have any further questions or concerns.

Source(s):
Jurisdiction

South Carolina