S.C. Code Ann. § 37-2-111
This is the official text of S.C. Code Ann. § 37-2-111, 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 37-2-111. "Amount financed" defined.
Official statutory text
"Amount financed" means the total of the following items to the extent that payment is deferred: (1) the cash price of the goods, services or interest in land, less the amount of any down payment whether made in cash or in property traded in; (2) the amount actually paid or to be paid by the seller pursuant to an agreement with the buyer to discharge a security interest in or a lien on property traded in; and (3) if not included in the cash price: (a) any applicable sales, use, excise, or documentary stamp taxes; (b) amounts actually paid or to be paid by the seller for registration, certificate of title, or license fees; and (c) additional charges permitted by this chapter (Section 37-2-202). Part 2 Maximum Charges
Status: in_force · Read it on the official government site
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