Except for reasonable expenses incurred in realizing on a security interest, the agreement with respect to a consumer credit sale may not provide for any charges as a result of default by the buyer other than those authorized by this title. A provision in violation of this section is unenforceable.
S.C. Code Ann. § 37-2-414
Limitation on default charges
Known as the South Carolina Consumer Protection Code
The act spans §§ 37–37 (347 sections).
1962 Code SECTION 8-800.204; 1974 (58) 2879.
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.