In a supplement that is now being prepared and will be available soon, we will review the penalties for usury in each state and point out special circumstances in each state. There are many nuances and exceptions to this law. Corporations do not have a usury defense. There are a number of exceptions to this law. Judgment rate is fixed by the Court.
Judgments bear interest at the legal rate.
Judgments bear interest at the same rate as the underlying debt. The South Carolina Consumer Protection code provides regulations for maximum rates of interest for consumer transactions. Please consult with counsel for the latest rates. There is no other usury limit. Interest does not begin until 30 days after an account was due.