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21 chapters · 411 sections in this title.
S.C. Code Ann. § 37-2-405 Balloon payments
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(1) Except as provided in subsection (2), if any scheduled payment of a consumer credit sale is more than twice as large as the average of earlier scheduled payments, the consumer has the right to refinance, without penalty, the amount of that payment at the time it is due. The t…
S.C. Code Ann. § 37-2-406 Restriction on liability in consumer lease
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The obligation of a lessee upon expiration of a consumer lease may not exceed three times the average payment allocable to a monthly period under the lease. This limitation does not apply to charges for damages to the leased property or for other default.
S.C. Code Ann. § 37-2-407 Security in sales and leases
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(1) With respect to a consumer credit sale, a seller may take a security interest in the property sold. In addition, a seller may take a security interest in goods upon which services are performed or in which goods sold are installed or to which they are annexed, or in land to w…
S.C. Code Ann. § 37-2-408 Cross-collateral
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(1) In addition to contracting for a security interest pursuant to the provisions on security in sales or leases (Section 37-2-407), a seller in a consumer credit sale may secure the debt arising from the sale by contracting for a security interest in other property if as a resul…
