S.C. Code Ann. § 37-3-509
This is the official text of S.C. Code Ann. § 37-3-509, 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 37-3-509. Use of multiple agreements.
Official statutory text
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 Editor's Note Section 37-3-508, referred to in this section, was repealed by 1982 Act No. 385 SECTION 57(2)(h).
Status: repealed · Read it on the official government site
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