reglab/housing_qa huggingface dataset:
SC Code § 37-3-411 (2021)
2021 South Carolina Code of Laws|Title 37 - Consumer Protection Code|Chapter 3 - Loans|Section 37-3-411. Card issuer subject to claims and defenses.

 (1) This section neither limits the liability of nor imposes liability on a card issuer as a manufacturer, supplier, seller, or lessor of property or services sold or leased pursuant to the credit card. This section may subject a card issuer to claims and defenses of a cardholder against a seller or lessor arising from sales or leases made pursuant to the credit card.  (2) A card issuer is subject to claims and defenses of a cardholder against the seller or lessor arising from the sale or lease of property or services by a seller or lessor licensed, franchised, or permitted by the card issuer or a person related to the card issuer to do business under the trade name or designation of the card issuer or a person related to the card issuer, to the extent of the original amount owing to the card issuer with respect to the sale or lease of the property or services as to which the claim or defense arose.  (3) Except as otherwise provided in this section, a card issuer, including a lender credit card issuer, is subject to all claims and defenses of a cardholder against the seller or lessor arising from the sale or lease of property or services pursuant to the credit card:  (a) if the original amount owing to the card issuer with respect to the sale or lease of the property or services as to which the claim or defense arose exceeds $50.00;  (b) if the residence of the cardholder and the place where the sale or lease occurred are in the same state or within 100 miles of each other;  (c) if the cardholder has made a good faith attempt to obtain satisfaction from the seller or lessor with respect to the claim or defense; and  (d) to the extent of the amount owing to the card issuer with respect to the sale or lease of the property or services as to which the claim or defense arose at the time the card issuer has written notice of the claim or defense. Written notice of the claim or defense may be given before the attempt specified in item (c). For the purposes of this section, written notice is any written notification other than notice on a coupon, billing statement or other payment medium or material supplied by the creditor which sets forth or otherwise enables the assignee to identify the name and account number (if any) of the debtor.  (4) For the purpose of determining the amount owing to the card issuer with respect to a sale or lease pursuant to a revolving loan account or a revolving charge account, payments received for the account are deemed to have been applied first to the payment of loan finance charges or credit service charges in the order of their entry to the account and then to the payment of debts in the order in which the entries of the debts are made to the account.  (5) An agreement may not limit or waive the claims or defenses of a cardholder under this section.  HISTORY: 1976 Act No. 686 Section 29.
SC Code § 37-3-412 (2021)
2021 South Carolina Code of Laws|Title 37 - Consumer Protection Code|Chapter 3 - Loans|Section 37-3-412. Variable interest rate real estate mortgage loans.

 With respect to a consumer loan which is secured in whole or in part by a lien on real estate under which the aggregate of all sums advanced or contemplated by the parties in good faith to be advanced will not exceed one hundred thousand dollars, the rate of the loan finance charge shall be a fixed nonvariable rate unless the creditor makes the transaction in accordance with any regulation governing alternative mortgages promulgated by the State Board of Financial Institutions or a federal regulatory agency.  HISTORY: 1984 Act No. 355, Section 7.
SC Code § 37-3-500 (2021)
2021 South Carolina Code of Laws|Title 37 - Consumer Protection Code|Chapter 3 - Loans|Section 37-3-500. Scope.

 Except as provided in Section 37-3-512, this Part shall not apply to restricted loans or restricted lenders.  HISTORY: 1976 Act No. 686 Section 2.
SC Code § 37-3-502 (2021)
2021 South Carolina Code of Laws|Title 37 - Consumer Protection Code|Chapter 3 - Loans|Section 37-3-502. Authority to make supervised loans.

 Unless a person is a supervised financial organization or has first obtained a license from the State Board of Financial Institutions authorizing him to make supervised loans, he shall not engage in the business of  (1) making supervised loans; or  (2) taking assignments of and undertaking direct collection of payments from or enforcement of rights against debtors arising from supervised loans.  HISTORY: 1976 Act No. 686 Section 2; 1982 Act No. 385, Section 39.
SC Code § 37-3-504 (2021)
2021 South Carolina Code of Laws|Title 37 - Consumer Protection Code|Chapter 3 - Loans|Section 37-3-504. Revocation or suspension of license.

 (1) The State Board of Financial Institutions may issue to a person licensed to make supervised loans an order to show cause why his license should not be revoked or suspended for a period not in excess of 6 months. The order shall state the place for a hearing and set a time for the hearing that is no less than 10 days from the date of the order. After the hearing the Board shall revoke or suspend the license if it finds that:  (a) the licensee has repeatedly and wilfully violated this title or any rule or order lawfully made pursuant to this title; or  (b) facts or conditions exist which would clearly have justified the Board in refusing to grant a license had these facts or conditions been known to exist at the time the application for the license was made.  (2) No revocation or suspension of a license is lawful unless prior to institution of proceedings by the State Board of Financial Institutions notice is given to the licensee of the facts or conduct which warrant the intended action, and the licensee is given an opportunity to show compliance with all lawful requirements for retention of the license.  (3) If the State Board of Financial Institutions finds that probable cause for revocation of a license exists and that enforcement of this title requires immediate suspension of the license pending investigation, it may, after a hearing upon 5 days' written notice, enter an order suspending the license for not more than 30 days.  (4) Whenever the State Board of Financial Institutions revokes or suspends a license, it shall enter an order to that effect and forthwith notify the licensee of the revocation or suspension. Within five days after the entry of the order it shall deliver to the licensee a copy of the order and the findings supporting the order.  (5) Any person holding a license to make supervised loans may relinquish the license by notifying the State Board of Financial Institutions in writing of its relinquishment, but this relinquishment shall not affect his liability for acts previously committed.  (6) No revocation, suspension, or relinquishment of a license shall impair or affect the obligation of any preexisting lawful contract between the licensee and any debtor.  (7) The State Board of Financial Institutions may reinstate a license, terminate a suspension, or grant a new license to a person whose license has been revoked or suspended if no fact or condition then exists which clearly would have justified the Board refusing to grant a license.  HISTORY: 1976 Act No. 686 Section 2; 1982 Act No. 385, Section 39.
SC Code § 37-3-505 (2021)
2021 South Carolina Code of Laws|Title 37 - Consumer Protection Code|Chapter 3 - Loans|Section 37-3-505. Records; annual reports.

 (1) Every licensee shall maintain records in conformity with generally accepted accounting principles and practices in a manner that will enable the State Board of Financial Institutions to determine whether the licensee is complying with the provisions of this title. The recordkeeping system of a licensee shall be sufficient if he makes the required information reasonably available. The records need not be kept in the place of business where supervised loans are made, if the board is given free access to the records wherever located. The records pertaining to any loan, including the certified maximum rate chart in effect at the time the loan was made, need not be preserved for more than two years after making the final entry relating to the loan, but in the case of a revolving loan account the two years is measured from the date of each entry.  (2) On or before April fifteenth each year every licensee shall file with the board a composite annual report in the form prescribed by the board relating to all supervised loans made by him. The board shall consult with comparable officials in other states for the purpose of making the kinds of information required in annual reports uniform among the states.  (3) The report shall include, but is not limited to, the following:  (a) the total number of loans and aggregate dollar amounts made by the lender which renewed existing accounts;  (b) the total number of new loans and aggregate dollar amounts made to former borrowers;  (c) the total number of loans and aggregate dollar amounts made to new borrowers;  (d) the total number of loans and aggregate dollar amounts which received a final entry, as provided in item (a), other than by renewal;  (e) the total number of renewals in which the borrower received a cash advance which was less than ten percent of the net outstanding loan balance at the time of renewal;  (f) the total number of loans and aggregate dollar amounts outstanding at the beginning of the reporting period;  (g) the total number of loans and aggregate dollar amounts outstanding at the end of the reporting period;  (h) the highest annual percentage rate charged by the lender on loans of various sizes; and  (i) the most frequent annual percentage rate charged by the lender on loans of various sizes.  (4) Information contained in annual reports shall be confidential and may be published only in composite form.  HISTORY: 1976 Act No. 686 Section 2; 1982 Act No. 385, Sections 39, 41; 1995 Act No. 135, Section 13.
SC Code § 37-3-506 (2021)
2021 South Carolina Code of Laws|Title 37 - Consumer Protection Code|Chapter 3 - Loans|Section 37-3-506. Examinations and investigations.

 (1) The State Board of Financial Institutions shall examine periodically at intervals it deems appropriate the loans, business and records of every licensee. In addition, for the purpose of discovering violations of this title or securing information lawfully required, the Agency to whose supervision the organization is subject may at any time investigate the loans, business and records of any lender. For these purposes such agency shall have free and reasonable access to the offices, places of business and records of the lender. For these purposes insurance agents, brokers and premium service companies are subject to the supervision of the Department of Insurance. Other supervised financial organizations [Section 37-1-301(17)], restricted lenders and supervised lenders (Section 37-3-501) are subject to the supervision of the agency which issued its license or charter. All other lenders are subject to the supervision of the Administrator of Consumer Affairs.  (2) If the lender's records are located outside this State, the lender at his option shall make them available to the supervisory agency at a convenient location within this State, or pay the reasonable and necessary expenses for the agency or its representative to examine them at the place where they are maintained. The agency may designate representatives, including comparable officials of the State in which the records are located, to inspect them on his behalf.  (3) For the purposes of this section, the agency or official may administer oaths or affirmations, and upon its own motion or upon request of any party may subpoena witnesses, compel their attendance, adduce evidence, and require the production of any matter which is relevant to the investigation, including the existence, description, nature, custody, condition, and location of any books, documents, or other tangible things and the identity and location of persons having knowledge of relevant facts, or any other matter reasonably calculated to lead to the discovery of admissible evidence.  (4) Upon failure without lawful excuse to obey a subpoena or to give testimony and upon reasonable notice to all persons affected thereby, the agency may apply to the circuit court for an order compelling compliance.  HISTORY: 1976 Act No. 686 Section 2; 1982 Act No. 385, Section 39.
SC Code § 37-3-507 (2021)
2021 South Carolina Code of Laws|Title 37 - Consumer Protection Code|Chapter 3 - Loans|Section 37-3-507. Application of Part on Administrative Procedure and Judicial Review.

 Except as otherwise provided, the part on Administrative Procedure and Judicial Review [Part 4, Chapter 6] applies to and governs all administrative action taken pursuant to this part.  HISTORY: 1976 Act No. 686 Section 2.
SC Code § 37-3-509 (2021)
2021 South Carolina Code of Laws|Title 37 - Consumer Protection Code|Chapter 3 - Loans|Section 37-3-509. Use of multiple agreements.

 With respect to a supervised loan, no lender may use multiple agreements with respect to a single consumer loan transaction with intent to obtain a higher rate of loan finance charge than would otherwise be permitted by the provisions on loan finance charges for supervised loans (Section 37-3-508). The excess amount of loan finance 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 provisions on civil actions by the administrator (Section 37-6-113).  HISTORY: 1976 Act No. 686 Section 2.  Editor's Note  Section 37-3-508, referred to in this section, was repealed by 1982 Act No. 385 Section 57(2)(h).
SC Code § 37-3-510 (2021)
2021 South Carolina Code of Laws|Title 37 - Consumer Protection Code|Chapter 3 - Loans|Section 37-3-510. Restrictions on interest in land as security.

 (1) With respect to a supervised loan in which the principal is one thousand dollars or less, a lender may not contract for an interest in land as security. A security interest taken in violation of this section is void.  (2) An open-end credit agreement under which the credit limit is a minimum of five thousand dollars is exempt from this section even though one or more advances made pursuant to the agreement are less than one thousand dollars.  HISTORY: 1976 Act No. 686 Section 2; 1991 Act No. 142, Section 15.
SC Code § 37-3-511 (2021)
2021 South Carolina Code of Laws|Title 37 - Consumer Protection Code|Chapter 3 - Loans|Section 37-3-511. Regular schedule of payments; maximum loan term.

 Supervised loans, in which the rate of loan finance charge exceeds twelve percent per annum, not made pursuant to a revolving loan account, in which the principal is one thousand dollars or less, shall be scheduled to be payable in substantially equal installments at equal periodic intervals except to the extent that the schedule of payments is adjusted to the seasonal or irregular income of the debtor, and  (a) over a period of not more than thirty-seven months if the principal is more than three hundred dollars; or  (b) over a period of not more than twenty-five months if the principal is three hundred dollars or less.  HISTORY: 1976 Act No. 686 Section 2; 1995 Act No. 135, Section 14.
SC Code § 37-3-512 (2021)
2021 South Carolina Code of Laws|Title 37 - Consumer Protection Code|Chapter 3 - Loans|Section 37-3-512. Conduct of business other than making loans.

 (1) Except as provided in subsection (2), a restricted lender and a licensee authorized to make supervised loans pursuant to the provisions on authority to make supervised loans (Section 37-3-502) may not engage in the business of selling goods, or permit others to engage in the business of selling goods, at a location where supervised loans are made. In this section, "location" means the entire space in which supervised loans are made and must be separated from any space where goods are sold or leased by walls which may be broken only by a passageway to which the public is not admitted.  (2) This section does not apply to  (a) occasional sales of property used in the ordinary course of business of the licensee;  (b) sales of items of collateral of which the licensee has taken possession;  (c) sales of items by a licensee who is also authorized by law to operate as a pawnbroker; or  (d) Supervised Financial Organizations.  (3) A licensee may not carry on other business for the purpose of evasion or violation of this title at a location where he makes supervised loans.  HISTORY: 1976 Act No. 686 Section 2.
SC Code § 37-3-513 (2021)
2021 South Carolina Code of Laws|Title 37 - Consumer Protection Code|Chapter 3 - Loans|Section 37-3-513. Application of other provisions.

 Except as otherwise provided, all provisions of this title applying to consumer loans apply to supervised loans.  HISTORY: 1976 Act No. 686 Section 2.
SC Code § 37-3-514 (2021)
2021 South Carolina Code of Laws|Title 37 - Consumer Protection Code|Chapter 3 - Loans|Section 37-3-514. Limitation on attorney's fees.

 With respect to a supervised loan with a loan finance charge in excess of eighteen percent per year and in which the principal is $1,000 or less, the agreement may not provide for the payment by the debtor of attorney's fees. A provision in violation of this section is unenforceable.  HISTORY: 1976 Act No. 686 Section 2.
SC Code § 37-3-515 (2021)
2021 South Carolina Code of Laws|Title 37 - Consumer Protection Code|Chapter 3 - Loans|Section 37-3-515. Loan renewal limitations.

 A licensed lender may not renew a loan of one thousand dollars or less more than one time during any fifteen-month period where the dollars actually given to the customer is less than ten percent of the net outstanding loan balance at the time of renewal.  HISTORY: 1995 Act No. 135, Section 15.
SC Code § 37-3-601 (2021)
2021 South Carolina Code of Laws|Title 37 - Consumer Protection Code|Chapter 3 - Loans|Section 37-3-601. Loans subject to this Title by agreement of parties.

 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.  HISTORY: 1976 Act No. 686 Section 2; 1980 Act No. 433, Section 6; 1982 Act No. 385, Section 40.
SC Code § 37-3-605 (2021)
2021 South Carolina Code of Laws|Title 37 - Consumer Protection Code|Chapter 3 - Loans|Section 37-3-605. Loan finance charge for other loans.

 With respect to a loan other than a consumer loan, the parties may contract for the payment by the debtor of any loan finance charge, except as provided in Chapter 10.  HISTORY: 1976 Act No. 686 Section 2; 1980 Act No. 326, Section 4; 1980 Act No. 433, Section 3; 1982 Act No. 385, Section 42.
SC Code § 37-4-101 (2021)
2021 South Carolina Code of Laws|Title 37 - Consumer Protection Code|Chapter 4 - Insurance|Section 37-4-101. Short title.

 This chapter shall be known and may be cited as South Carolina Consumer Protection Code - Insurance.  HISTORY: 1962 Code Section 8-800.291; 1974 (58) 2879.
SC Code § 37-4-102 (2021)
2021 South Carolina Code of Laws|Title 37 - Consumer Protection Code|Chapter 4 - Insurance|Section 37-4-102. Scope.

 (1) Except as provided in subsection (2), this chapter applies to insurance provided or to be provided in relation to a consumer credit sale (Section 37-2-104), a consumer lease (Section 37-2-106), or a consumer loan (Section 37-3-104).  (2) The provision on cancellation by a creditor (Section 37-4-304) applies to loans the primary purpose of which is the financing of insurance. No other provision of this chapter applies to insurance so financed or to restricted loans.  HISTORY: 1962 Code Section 8-800.292; 1974 (58) 2879; 1976 Act No. 686 Sections 30, 31.
SC Code § 37-4-103 (2021)
2021 South Carolina Code of Laws|Title 37 - Consumer Protection Code|Chapter 4 - Insurance|Section 37-4-103. "Consumer credit insurance" defined.

 In this title "consumer credit insurance" means insurance, other than insurance on property, by which the satisfaction of debt in whole or in part is a benefit provided, but does not include:  (a) insurance provided in relation to a credit transaction in which a payment is scheduled more than ten years after the extension of credit or insurance on which a payment is scheduled more than fifteen years after the extension of credit if the debt is secured by real estate;  (b) insurance issued as an isolated transaction on the part of the insurer not related to an agreement or plan for insuring debtors of the creditor; or  (c) insurance indemnifying the creditor against loss due to the debtor's default.  HISTORY: 1962 Code Section 8-800.293; 1974 (58) 2879; 1988 Act No. 359.
SC Code § 37-4-104 (2021)
2021 South Carolina Code of Laws|Title 37 - Consumer Protection Code|Chapter 4 - Insurance|Section 37-4-104. Creditor's provision of and charge for insurance; excess amount of charge.

 (1) Except as otherwise provided in this chapter and subject to the provisions on additional charges (Section 37-2-202 and Section 37-3-202) and maximum charges (in part 2 of Chapter 2 and parts 2 and 5 of Chapter 3), a creditor may agree to provide insurance, and may contract for and receive a charge for insurance separate from and in addition to other charges. A creditor need not make a separate charge for insurance provided or required by him. This title does not authorize the issuance of any insurance prohibited under any statute, or rule thereunder, governing the business of insurance.  (2) The excess amount of a charge for insurance provided for in agreements in violation of this chapter is an excess charge for the purposes of the provisions of the chapter on remedies and penalties (Chapter 5) as to effect of violations on rights of parties (Section 37-5-202) and of the provisions of the chapter on administration (Chapter 6) as to civil actions by the administrator (Section 37-6-113).  HISTORY: 1962 Code Section 8-800.294; 1974 (58) 2879; 1976 Act No. 686 Section 32.
SC Code § 37-4-106 (2021)
2021 South Carolina Code of Laws|Title 37 - Consumer Protection Code|Chapter 4 - Insurance|Section 37-4-106. Unconscionability.

 (1) In applying the provisions of this title on unconscionability (Sections 37-5-108 and 37-6-111) to a separate charge for insurance, consideration shall be given, among other factors, to:  (a) potential benefits to the debtor including the satisfaction of his obligations;  (b) the creditor's need for the protection provided by the insurance; and  (c) the relation between the amount and terms of credit granted and the insurance benefits provided.  (2) If consumer credit insurance otherwise complies with this chapter and other applicable law, neither the amount nor the term of the insurance nor the amount of a charge therefor is in itself unconscionable.  HISTORY: 1962 Code Section 8-800.296; 1974 (58) 2879.