There is a newer version
of
this Section
2017 South Carolina Code of Laws
Title 37 - Consumer Protection Code
CHAPTER 2 - CREDIT SALES
Section 37-2-713. Lessee's right to return property, continue rental, or purchase property before end of rental-purchase agreement.
Universal Citation: SC Code § 37-2-713 (2017)
In a consumer rental-purchase agreement, at any time after the lessee has made the first periodic payment, the lessee may:
(1) return the rented property to the lessor;
(2) continue making periodic payments or renewals as provided for in the agreement for the remaining term of the agreement; or
(3) purchase the property by tendering fifty-five percent of the difference between the total of scheduled payments and the total amount paid on the account.
HISTORY: 1985 Act No. 121, Section 6.
Disclaimer: These codes may not be the most recent version. South Carolina may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
