S.C. Code § 37-2-402
Current through 2024 Act No. 225.
A seller may not use multiple agreements with respect to a single consumer credit sale with intent to obtain a higher rate of credit service charge than would otherwise be permitted by the provisions on credit service charges for consumer credit sales (Section 37-2-201 ). The excess amount of credit service 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 provision on civil actions by the administrator (Section 37-6-113 ).
S.C. Code § 37-2-402