S.C. Code § 38-19-640

Current through 2024 Act No. 209.

Section 38-19-640 - Repayment of more than one loan or by multiple agreement

If there is more than one such loan or if any such loan is represented by multiple agreements, the loan agreement shall provide, in addition to any other time of repayment specified in it, that any part of the loan may be repaid at any time by selection by lot, under supervision of the director or his designee, of those loan agreements, out of all similar agreements then outstanding, to be then repaid in part or in whole.

1993 Act No. 181, Section 558; 1962 Code Section 37-424] recodified as Section 38-19-640 by 1987 Act No. 155, Section 1; 1952 Code Section 37-424; Former 1976 Code Section 38-11-840 [1947 (45) 322.