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The Official Web Site of the State of South Carolina

Processing times for applications and requests are longer than normal due to COVID 19 and the high volume of new applications.  Submit all application questions to  Please review the NMLS website prior to contacting the Division.  




Finlay Park Magnolia Plantation Charleston

Regulatory Lending Guidelines
for South Carolina

Welcome to Our Site!

The Consumer Finance Division (CFD) licenses and regulates the business activities of all companies, excluding depository institutions or insurance companies, that make consumer loans which have annual percentage rates exceeding 12% and are not secured by real property or a residential dwelling.

Entities that are involved solely in retail sales agreement transactions are not required to be licensed by the CFD.

Licenses are issued and regulated pursuant to The South Carolina Consumer Protection Code, Title 37, and, in some instances, The Consumer Finance Act, Title 34 Chapter 29.

Again, welcome to our site. We appreciate your interest in our office,    


Ronald Bodvake

Commissioner of Consumer Finance