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2017 South Carolina Code of Laws
Title 37 - Consumer Protection Code
CHAPTER 2 - CREDIT SALES
Section 37-2-402. Use of multiple agreements.
Universal Citation: SC Code § 37-2-402 (2017)
A seller may not use multiple agreements with respect to a single consumer credit sale with intent to obtain a higher rate of credit service charge than would otherwise be permitted by the provisions on credit service charges for consumer credit sales (Section 37-2-201). The excess amount of credit service charge resulting from a violation of this section is an excess charge for the purpose of the provisions on rights of parties (Section 37-5-202) and the provision on civil actions by the administrator (Section 37-6-113).
HISTORY: 1962 Code Section 8-800.192; 1974 (58) 2879; 1976 Act No. 686 Section 61.
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