What does the SC Administrative Procedure Act govern?

The South Carolina Administrative Procedure Act governs the processes and procedures involved in adjudicatory hearings and actions within various regulatory frameworks, including the Mortgage Brokers Act (MBA) and the Mortgage Lending Act (MLA). This act provides a structured approach to how administrative agencies make rules, conduct hearings, and handle appeals. Specifically, it ensures that there is a consistent and fair process in administrative proceedings, which is essential for resolving disputes related to mortgage lending and brokerage activities.

While the other options touch on important aspects of the mortgage industry, they do not fall under the jurisdiction of the Administrative Procedure Act directly. Licensing processes, for example, may be regulated by the relevant state agencies, but those specifics are not the focus of the Administrative Procedure Act itself. Similarly, financial education of borrowers and consumer loan interest rates are broader topics that involve various regulatory measures, but they do not directly relate to the procedural governance laid out by the Administrative Procedure Act.