Which body regulates the licensing of brokers and the issuance of mortgages in South Carolina?

The licensing of brokers and the issuance of mortgages in South Carolina is regulated by the Department of Consumer Affairs. This agency is responsible for overseeing various financial sectors, including mortgage brokers and lenders, ensuring they comply with state laws and regulations. The goal of this regulation is to protect consumers from unfair practices and to maintain the integrity of the mortgage lending process.

While the other options represent important entities in the financial landscape, they do not have the specific role of licensing brokers within the state of South Carolina. The Federal Reserve primarily focuses on monetary policy and financial stability. The U.S. Department of Housing and Urban Development works on national housing issues but does not regulate state-specific licensing directly. The Consumer Financial Protection Bureau oversees federal consumer financial laws but does not manage state licensing processes. Thus, the Department of Consumer Affairs is the correct body for this function in South Carolina.