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2012 South Carolina Code of Laws
Title 27 - Property and Conveyances
Chapter 18 - UNIFORM UNCLAIMED PROPERTY ACT
Section 27-18-175 - Application of chapter.


SC Code § 27-18-175 (2012) What's This?

This chapter does not apply to forfeited reservation deposits. For purposes of this chapter, the term "reservation deposit" means an amount of money paid to a business association to guarantee that the business association holds a specific service including, but not limited to, a room accommodation at a hotel, a vacation rental, seating at a restaurant, or an appointment with a doctor, for a specified date and place. The term "reservation deposit" does not include an application fee, a utility deposit, or a deposit made toward the purchase of real property.

HISTORY: 2001 Act No. 43, Section 3.

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