Who can seek judicial review of an agency's action according to the South Carolina Procedures Act?

In the context of the South Carolina Procedures Act, judicial review of an agency's action is typically limited to those parties who have fully pursued and exhausted all available administrative remedies before seeking relief in the judicial system. This requirement ensures that the agency has the opportunity to resolve the issue internally and allows for a thorough administrative process before involving the courts. By requiring that parties exhaust administrative remedies, the legal framework fosters efficiency and respects the agency's expertise and decision-making authority.

The focus on exhausting administrative remedies is to prevent unnecessary legal disputes and to ensure that courts only intervene in matters where an agency has not satisfactorily resolved the issue at hand. This principle upholds the idea that agencies should first have the chance to address grievances through their own administrative procedures.

In contrast, other options such as the notion that 'any interested party' could seek review, or limiting this right to parties who have not received a loan, do not align with the established legal principles within the South Carolina Procedures Act. Additionally, the idea that only federal agencies could seek judicial review misinterprets the jurisdiction of state laws, which are concerned with state-level agencies and their proceedings.