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S.C. Code Ann. § 37-3-406

Notice of assignment

Known as the South Carolina Consumer Protection Code

The act spans §§ 37–37 (347 sections).

1962 Code SECTION 8-800.276; 1974 (58) 2879.

The debtor is authorized to pay the original lender until he receives notification of assignment of rights to payment pursuant to a consumer loan and that payment is to be made to the assignee. A notification which does not reasonably identify the rights assigned is ineffective. If requested by the debtor, the assignee must seasonably furnish reasonable proof that the assignment has been made and unless he does so the debtor may pay the original lender.

Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.