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21 chapters · 416 sections in this title.
S.C. Code Ann. § 37-3-510 Restrictions on interest in land as security
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(1) With respect to a supervised loan in which the principal is one thousand dollars or less, a lender may not contract for an interest in land as security. A security interest taken in violation of this section is void. (2) An open-end credit agreement under which the credit lim…
S.C. Code Ann. § 37-3-511 Regular schedule of payments; maximum loan term
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Supervised loans, in which the rate of loan finance charge exceeds twelve percent per annum, not made pursuant to a revolving loan account, in which the principal is one thousand dollars or less, shall be scheduled to be payable in substantially equal installments at equal period…
S.C. Code Ann. § 37-3-512 Conduct of business other than making loans
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(1) Except as provided in subsection (2), a restricted lender and a licensee authorized to make supervised loans pursuant to the provisions on authority to make supervised loans (Section 37-3-502) may not engage in the business of selling goods, or permit others to engage in the …
S.C. Code Ann. § 37-3-513 Application of other provisions
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Except as otherwise provided, all provisions of this title applying to consumer loans apply to supervised loans.
