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2017 South Carolina Code of Laws
Title 37 - Consumer Protection Code
CHAPTER 10 - MISCELLANEOUS LOAN PROVISIONS
Section 37-10-103. Prepayment of loans of one hundred fifty thousand dollars or less.
Universal Citation: SC Code § 37-10-103 (2017)
The debtor may prepay in full at any time without penalty the debt represented by a personal, family, or household purpose loan agreement that is secured in whole or in part by a first or junior lien on real estate if the aggregate of all sums advanced will not exceed one hundred fifty thousand dollars.
HISTORY: 1982 Act No. 385, Section 56; 1984 Act No. 355, Section 11; 2003 Act No. 42, Section 2.A, eff Jan. 1, 2004, and applying to loans for which the loan applications were taken on or after that date.
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