S.C. Code Ann. § 37-3-502
This is the official text of S.C. Code Ann. § 37-3-502, 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 37-3-502. Authority to make supervised loans.
Official statutory text
Unless a person is a supervised financial organization or has first obtained a license from the State Board of Financial Institutions authorizing him to make supervised loans, he shall not engage in the business of (1) making supervised loans; or (2) taking assignments of and undertaking direct collection of payments from or enforcement of rights against debtors arising from supervised loans.
Status: in_force · Read it on the official government site
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