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.
S.C. Code Ann. § 29-3-20
Prior mortgages may be redeemed by second mortgagees
1962 Code SECTION 45-52; 1952 Code SECTION 45-52; 1942 Code SECTION 8886; 1932 Code SECTION 8886; Civ
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.