S.C. Code Ann. § 29-3-20
This is the official text of S.C. Code Ann. § 29-3-20, part of South Carolina’s Code Ann — part of the compiled statutory law of South Carolina, published by the state as "Code Ann." Browse the sections below, each linked to its official government source.
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SECTION 29-3-20. Prior mortgages may be redeemed by second mortgagees.
Official statutory text
If it so happen there be more than one mortgage at the same time by any person to any person or persons of the same lands and tenements, the several mortgagees who have not registered or recorded their mortgages, their heirs, executors, administrators or assigns, may redeem any former mortgage registered upon payment of the principal debt, interest and cost of suit to the prior mortgagee, his heirs, executors, administrators or assigns.
Status: in_force · Read it on the official government site
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