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2017 South Carolina Code of Laws
Title 37 - Consumer Protection Code
CHAPTER 10 - MISCELLANEOUS LOAN PROVISIONS
Section 37-10-104. Agricultural loans under twenty-five thousand dollars.
Universal Citation: SC Code § 37-10-104 (2017)
With respect to a loan under which the aggregate of all sums advanced or contemplated by the parties in good faith to be advanced is less than twenty-five thousand dollars and which is primarily for an agricultural purpose, the maximum loan finance charge that may be contracted for and received shall be eighteen percent per annum, calculated according to the actuarial method.
HISTORY: 1982 Act No. 385, Section 56.
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