S.C. Code Regs. § § 103-621.3

Current through Register Vol. 48, No. 11, November 22, 2024

Section 103-621.3 - Interest on Deposits

A. Simple interest on deposits at the rate not less than that as prescribed by the commission shall be paid by the telephone utility to each customer required to make such deposit for the time it is held by the telephone utility.

B. The interest shall be accrued annually and payment of such interest shall be made to the customer at least every two (2) years and at the time the deposit is returned.

C. The deposit shall cease to draw interest on the date it is returned, the date service is terminated, or on the date notice is sent to the customer's last known address that the deposit is no longer required.

S.C. Code Regs. § 103-621.3