South Carolina S 925: A JOINT RESOLUTION TO APPROVE REGULATIONS OF THE STATE BOARD OF FINANCIAL INSTITUTIONS, RELATING TO NON-INTEREST BEARING NEGOTIABLE ORDER OF WITHDRAWAL (NINOW) ACCOUNTS BY STATE-CHARTERED SAVINGS AND LOAN ASSOCIATIONS, DESIGNATED AS

Bill Text

South Carolina General Assembly

126th Session, 2025-2026



S. 925



STATUS INFORMATION



Joint Resolution

Sponsors: Banking and Insurance Committee

Document Path: LC-0647WAB-DBS26.docx



Introduced in the Senate on February 12, 2026

Currently residing in the Senate Committee on Banking and Insurance



Summary: State Board of Financial Institutions - JR to Approve Regulation Document No. 5393





HISTORY OF LEGISLATIVE ACTIONS



	Date	Body	Action Description with journal page number	

	2/12/2026	Senate	Introduced, read first time, placed on calendar without reference (Senate Journal‑page 3)

	3/4/2026	Senate	Recommitted to Committee on Banking and Insurance (Senate Journal‑page 36)



View the latest  legislative information  at the website





VERSIONS OF THIS BILL



02/12/2026

02/12/2026-A









Introduced

February 12, 2026



S. 925



Introduced by Senate Banking and Insurance Committee 



S. Printed 2/12/26--S.

Read the first time February 12, 2026



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A JOINT RESOLUTION



TO APPROVE REGULATIONS OF THE State Board of Financial Institutions, RELATING TO Non-interest Bearing Negotiable Order of Withdrawal (NINOW) Accounts by State-chartered Savings and Loan Associations, DESIGNATED AS REGULATION DOCUMENT NUMBER 5393, PURSUANT TO THE PROVISIONS OF ARTICLE 1, CHAPTER 23, TITLE 1 OF THE SOUTH CAROLINA CODE OF LAWS.



Be it enacted by the General Assembly of the State of South Carolina:



SECTION 1.	The regulations of the State Board of Financial Institutions, relating to Non-interest Bearing Negotiable Order of Withdrawal (NINOW) Accounts by State-chartered Savings and Loan Associations, designated as Regulation Document Number 5393, and submitted to the General Assembly pursuant to the provisions of Article 1, Chapter 23, Title 1 of the S.C. Code, are approved.



SECTION 2.	This joint resolution takes effect upon approval by the Governor.

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SUMMARY AS SUBMITTED

BY PROMULGATING AGENCY.

The South Carolina State Board of Financial Institutions proposes to repeal R.15‑39D as unnecessary because Section 34‑28‑500 of the South Carolina Code already allows these types of accounts.

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