A JOINT RESOLUTION TO APPROVE REGULATIONS OF THE STATE BOARD OF FINANCIAL INSTITUTIONS, RELATING TO ELECTRONIC FUND TRANSFERS, DESIGNATED AS

This joint resolution approves the repeal of an outdated regulation (Regulation 15-45) by South Carolina's State Board of Financial Institutions. The regulation referenced a discontinued "pilot program" for credit unions using electronic fund transfers, which is no longer needed because current law (Section 34-26-410) already permits such transfers. The change directly affects credit unions by removing obsolete administrative references. The resolution has no new policy provisions - it simply formalizes the board's removal of an outdated rule.