S.C. Code Ann. § 37-1-202

Except as otherwise provided, this title does not apply to: (1) extensions of credit to government or governmental agencies or instrumentalities; (2) the sale of insurance by an insurer, except as otherwise provided in the chapter on insurance (Chapter 4) [Sections 37-4-101 et seq.]; (3) transactions under public utility, municipal utility or common carrier tariffs if a subdivision or agency of this State or of the United States regulates the charges for the services involved, the charges for delayed payment, and any discount allowed for early payment; (4) transactions made pursuant to and in compliance with Chapter 39 of Title 40;. (5) licensing or examining restricted lenders [Section 37-3-501(4)]; (6) rates and charges for advancing insurance premiums by insurance agents which shall be governed by the applicable provisions of Chapter 51 of Title 38 [Sections 38-51-10 et seq.]; or insurance premium service companies which shall be governed by the applicable provisions of Chapter 27 of Title 38 [Sections 38-27-10 et seq.]; (7) rates and charges on restricted loans [Section 37-3-501(3)]; which shall be subject to the applicable provisions of Title 34; (8) loans, sales, or leases made primarily for agricultural purposes; except as otherwise provided in Chapter 10 [Sections 37-10-101 et seq.] of this title; (9) loans to or on behalf of students pursuant to a government supported educational loan program; (10) federally chartered credit unions; (11) transactions in securities or commodities accounts with broker- dealers registered under Article 4 of Chapter 1, Title 35 or with the Securities and Exchange Commission.