2024 South Carolina Code of Laws
Title 40 - Professions and Occupations
Chapter 39 - Pawnbrokers
Section 40-39-40. Unauthorized fees prohibited; violative pawn transaction ramifications.

Universal Citation:
SC Code § 40-39-40 (2024)
Learn more This media-neutral citation is based on the American Association of Law Libraries Universal Citation Guide and is not necessarily the official citation.

(A) No pawnbroker may charge or collect any fees, costs, or assessments of any kind or nature other than those specifically allowed under this chapter.

(B) A person who makes a pawn transaction in violation of this chapter:

(1) may not collect, receive, or retain any interest or charges on the loan in violation of this chapter; and

(2) has no right to possess the pledged goods.

HISTORY: 1988 Act No. 491, Section 2; 2016 Act No. 262 (H.4090), Section 7, eff June 9, 2016.

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