The parties to a loan other than a consumer loan may agree in a writing signed by the parties that the loan is subject to the provisions of this title applying to consumer loans. If the parties so agree, the loan is a consumer loan for the purposes of this title.
S.C. Code Ann. § 37-3-601
Loans subject to this Title by agreement of parties
Known as the South Carolina Consumer Protection Code
The act spans §§ 37–37 (347 sections).
Applied in 1 court decision — leading case Mitchell v. Rock Hill National Bank (In Re Mid-Atlantic Piping Products of Charlotte, Inc.) (1982)
Most recently applied in Mitchell v. Rock Hill National Bank (In Re Mid-Atlantic Piping Products of Charlotte, Inc.) (October 1982)
1976 Act No. 686 SECTION 2; 1980 Act No. 433, SECTION 6; 1982 Act No. 385, SECTION 40.
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.