Use of multiple agreements.

S.C. Code Ann. § 37-3-509
repealed
Sign in to generate a plain English summaryAsk Belisarius Agent
With respect to a supervised loan, no lender may use multiple agreements with respect to a single consumer loan transaction with intent to obtain a higher rate of loan finance charge than would otherwise be permitted by the provisions on loan finance charges for supervised loans (Section 37-3-508). The excess amount of loan finance 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 provisions on civil actions by the administrator (Section 37-6-113). Editor's Note Section 37-3-508, referred to in this section, was repealed by 1982 Act No. 385 SECTION 57(2)(h).
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://www.scstatehouse.gov/code/t37c003.phpFetched: 10/17/2026

Starting a business in South Carolina? South Carolina LLC guide: costs and requirements