reglab/housing_qa huggingface dataset:
SC Code § 37-2-408 (2021)
2021 South Carolina Code of Laws|Title 37 - Consumer Protection Code|Chapter 2 - Credit Sales|Section 37-2-408. Cross-collateral.

 (1) In addition to contracting for a security interest pursuant to the provisions on security in sales or leases (Section 37-2-407), a seller in a consumer credit sale may secure the debt arising from the sale by contracting for a security interest in other property if as a result of a prior sale the seller has an existing security interest in the other property. The seller may also contract for a security interest in the property sold in the subsequent sale as security for the previous debt.  (2) If the seller contracts for a security interest in other property pursuant to this section, the rate of credit service charge thereafter on the aggregate unpaid balances so secured may not exceed that permitted if the balances so secured were consolidated pursuant to the provisions on consolidation involving a refinancing (subsection (1) of Section 37-2-206). The seller has a reasonable time after so contracting to make any adjustments required by this section. "Seller" in this section does not include an assignee not related to the original seller.  HISTORY: 1962 Code Section 8-800.198; 1974 (58) 2879.
SC Code § 37-2-409 (2021)
2021 South Carolina Code of Laws|Title 37 - Consumer Protection Code|Chapter 2 - Credit Sales|Section 37-2-409. Debt secured by cross-collateral.

 (1) If debts arising from two or more consumer credit sales, other than sales pursuant to a revolving charge account, are secured by cross-collateral (Section 37-2-408) or consolidated into one debt payable on a single schedule of payments, and the debt is secured by security interests taken with respect to one or more of the sales, payments received by the seller after the taking of the cross-collateral or the consolidation are deemed, for the purpose of determining the amount of the debt secured by the various security interests, to have been applied pro rata to the payment of the debts arising from the sales. Proration shall be computed on the original debts secured by the various security interests. To the extent debts are paid according to this section, security interests in items of property terminate as the debts originally incurred with respect to each item are paid.  (2) Payments received by the seller upon a revolving charge account are deemed, for the purpose of determining the amount of the debt secured by the various security interests, to have been applied first to the payment of 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 to the account showing the debts were made.  (3) If the debts consolidated arose from two or more sales made on the same day, payments received by the seller are deemed for the purpose of determining the amount of the debt secured by the various security interests, to have been applied first to the payment of the smallest debt.  HISTORY: 1962 Code Section 8-800.199; 1974 (58) 2879; 1982 Act No. 385, Section 23.
SC Code § 37-2-410 (2021)
2021 South Carolina Code of Laws|Title 37 - Consumer Protection Code|Chapter 2 - Credit Sales|Section 37-2-410. No assignment of earnings.

 A seller or lessor may not take an assignment of earnings of the buyer or lessee for payment or as security for payment of a debt arising out of a consumer credit sale or a consumer lease. An assignment of earnings in violation of this section is unenforceable by the assignee of the earnings and revocable by the buyer or lessee. This section does not prohibit an employee from authorizing deductions from his earnings if the authorization is revocable.  HISTORY: 1962 Code Section 8-800.200; 1974 (58) 2879.
SC Code § 37-2-411 (2021)
2021 South Carolina Code of Laws|Title 37 - Consumer Protection Code|Chapter 2 - Credit Sales|Section 37-2-411. Referral sales and leases.

 With respect to a consumer credit sale or consumer lease, the seller or lessor may not give or offer to give a rebate or discount or otherwise pay or offer to pay value to the consumer as an inducement for a sale or lease for the consumer giving to the seller or lessor the names of prospective buyers or lessees, or otherwise aiding the seller or lessor in making a sale or lease to another person, if the earning of the rebate, discount or other value is contingent upon the occurrence of an event after the time the consumer agrees to buy or lease. If a consumer is induced by a violation of this section to enter into a consumer credit sale or consumer lease, the agreement is unenforceable by the seller or lessor and the consumer, at his option, may rescind the agreement or retain the property delivered and the benefit of any services performed, without any obligation to pay for them. A sale or lease that would be a referral sale or lease if credit were extended by the seller or lessor is nonetheless so because the property or services are paid for in whole or in part by use of a credit card or by a consumer loan with respect to which the lender is subject to claims and defenses arising from the sale or lease (Section 37-3-410), and the consumer has the same rights against the card issuer or lender that he has against the seller or lessor under this section.  HISTORY: 1962 Code Section 8-800.201; 1974 (58) 2879; 1976 Act No. 686 Section 19.
SC Code § 37-2-412 (2021)
2021 South Carolina Code of Laws|Title 37 - Consumer Protection Code|Chapter 2 - Credit Sales|Section 37-2-412. Notice of assignment.

 The buyer or lessee is authorized to pay the original seller or lessor until the buyer or lessee receives notification of assignment of the rights to payment pursuant to a consumer credit sale or consumer lease and that payment is to be made to the assignee. A notification which does not reasonably identify the rights assigned is ineffective. If requested by the buyer or lessee, the assignee must seasonably furnish reasonable proof that the assignment has been made and unless he does so the buyer or lessee may pay the seller or lessor.  HISTORY: 1962 Code Section 8-800.202; 1974 (58) 2879.
SC Code § 37-2-413 (2021)
2021 South Carolina Code of Laws|Title 37 - Consumer Protection Code|Chapter 2 - Credit Sales|Section 37-2-413. Attorney's fees.

 (1) With respect to a consumer credit sale or consumer lease the agreement may provide for the payment by the buyer or lessee of reasonable attorney's fees not in excess of fifteen percent of the unpaid debt after default and referral to an attorney not a salaried employee of the seller, or of the lessor or his assignee. A provision in violation of this section is unenforceable.  (2) With respect to a consumer credit sale that is secured in whole or in part by a lien on real estate, the provisions of Section 37-10-102(a) apply whenever the seller requires the debtor to purchase insurance or pay any attorney's fees in connection with examining the title and closing the transaction.  HISTORY: 1962 Code Section 8-800.203; 1974 (58) 2879; 1982 Act No. 385, Section 24; 1984 Act No. 355, Section 5.
SC Code § 37-2-414 (2021)
2021 South Carolina Code of Laws|Title 37 - Consumer Protection Code|Chapter 2 - Credit Sales|Section 37-2-414. Limitation on default charges.

 Except for reasonable expenses incurred in realizing on a security interest, the agreement with respect to a consumer credit sale may not provide for any charges as a result of default by the buyer other than those authorized by this title. A provision in violation of this section is unenforceable.  HISTORY: 1962 Code Section 8-800.204; 1974 (58) 2879.
SC Code § 37-2-415 (2021)
2021 South Carolina Code of Laws|Title 37 - Consumer Protection Code|Chapter 2 - Credit Sales|Section 37-2-415. Authorization to confess judgment prohibited.

 A buyer or lessee may not authorize any person to confess judgment on a claim arising out of a consumer credit sale or consumer lease. An authorization in violation of this section is void.  HISTORY: 1962 Code Section 8-800.205; 1974 (58) 2879.
SC Code § 37-2-416 (2021)
2021 South Carolina Code of Laws|Title 37 - Consumer Protection Code|Chapter 2 - Credit Sales|Section 37-2-416. Change in terms of revolving charge accounts.

 (1) Whether or not a change is authorized by prior agreement, a creditor may change the terms of a revolving charge account applying to any balance incurred before or after the effective date of the change. If the change increases the rate of the credit service charge or of additional charges, alters the method of determining the balance upon which charges are made so that increased charges may result, or imposes or increases minimum charges, the change is effective with respect to a balance incurred before the effective date of the change only if the consumer after receiving disclosure of the change agrees to it in writing or the creditor delivers or mails to the consumer one written disclosure of the change at least thirty days before the effective date. The written disclosure must state that if the consumer does not want to continue the revolving account under the new terms the creditor will terminate the account and permit the consumer to pay the existing balance under the terms in effect before the change in terms on the written request of the consumer sent to the creditor at the address provided in the disclosure. The disclosure also must state that the consumer may apply for another revolving account on the new terms.  (2) A disclosure provided for in subsection (1) is mailed to the consumer when mailed to him at his address used by the creditor for mailing him periodic billing statements.  (3) If a creditor attempts to change the terms of a revolving charge account as provided in subsection (1) without complying with this section, any additional cost or charge to the consumer resulting from the change is an excess charge and is subject to the remedies available to the consumer (Section 37-5-202) and to the administrator (Section 37-6-113).  HISTORY: 1962 Code Section 8-800.206; 1974 (58) 2879; 1976 Act No. 686 Section 14; 1980 Act No. 433, Section 4; 1989 Act No. 144, Section 1.
SC Code § 37-2-501 (2021)
2021 South Carolina Code of Laws|Title 37 - Consumer Protection Code|Chapter 2 - Credit Sales|Section 37-2-501. Definition: "home solicitation sale".

 "Home solicitation sale" means a consumer credit sale of goods or services in which the seller or a person acting for him personally solicits the sale, and the buyer's agreement or offer to purchase is given to the seller or a person acting for him, at a residence. It does not include a sale made pursuant to a pre-existing revolving charge account with the seller or pursuant to prior negotiations between the parties at a business establishment at a fixed location where goods or services are offered or exhibited for sale, a transaction conducted and consummated entirely by mail or telephone, or a sale which is subject to the provisions of the Federal Truth in Lending Act on the consumer's right to rescind certain transactions. A sale that would be a home solicitation sale if credit were extended by the seller is nonetheless so because the goods or services are paid for in whole or in part by use of a credit card or by a consumer loan with respect to which the lender is subject to claims and defenses arising from the sale (Section 37-3-410), and the buyer has the same rights against the card issuer or lender that he has against the seller under this part.  HISTORY: 1962 Code Section 8-800.211; 1974 (58) 2879; 1976 Act No. 686 Section 20.
SC Code § 37-2-502 (2021)
2021 South Carolina Code of Laws|Title 37 - Consumer Protection Code|Chapter 2 - Credit Sales|Section 37-2-502. Buyer's right to cancel.

 (1) Except as provided in subsection (5), in addition to any right otherwise to revoke an offer, the buyer may cancel a home solicitation sale until midnight of the third business day after the day on which the buyer signs an agreement or offer to purchase which complies with this part.  (2) Cancellation occurs when the buyer gives written notice of cancellation to the seller at the address stated in the agreement or offer to purchase.  (3) Notice of cancellation, if given by mail, is given when it is properly addressed with postage prepaid and deposited in a mailbox.  (4) Notice of cancellation given by the buyer need not take a particular form and is sufficient if it indicates by any form of written expression the intention of the buyer not to be bound by the home solicitation sale.  (5) The buyer may not cancel a home solicitation sale if, by a separate dated and signed statement that is not as to its material provisions a printed form and describes an emergency requiring immediate remedy, the buyer requests the seller to provide goods or services without delay in order to safeguard the health, safety, or welfare of natural persons or to prevent damage to property the buyer owns or for which he is responsible, and:  (a) the seller in good faith makes a substantial beginning of performance of the contract before the buyer gives notice of cancellation; and  (b) in the case of goods, they cannot be returned to the seller in substantially as good condition as when received by the buyer.  HISTORY: 1962 Code Section 8-800.212; 1974 (58) 2879; 1976 Act No. 686 Section 20.
SC Code § 37-2-503 (2021)
2021 South Carolina Code of Laws|Title 37 - Consumer Protection Code|Chapter 2 - Credit Sales|Section 37-2-503. Form of agreement or offer; statement of buyer's rights.

 (1) In a home solicitation sale, unless the buyer requests the seller to provide goods or services without delay in an emergency (subsection (5) of Section 37-2-502), the seller shall present to the buyer and obtain his signature to a written agreement or offer to purchase that designates as the date of the transaction the date on which the buyer actually signs and contains a statement of the buyer's rights that complies with subsection (2). A copy of any writing required by this subsection to be signed by the buyer, completed at least as to the date of the transaction and the name and mailing address of the seller, shall be given to the buyer at the time he signs the writing.  (2) The statement shall either:  (a) comply with any notice of cancellation or similar requirement of any trade regulation rule of the Federal Trade Commission which by its terms applies to the home solicitation sale; or  (b) appear under the conspicuous caption: "BUYER'S RIGHT TO CANCEL," and read as follows: "If you decide you do not want the goods or services, you may cancel this agreement by mailing a notice to the seller. The notice must say that you do not want the goods or services and must be mailed before midnight of the third business day after you sign this agreement. The notice must be mailed to:  ." (insert name & mailing address of seller)   (3) Until the seller has complied with this section the buyer may cancel the home solicitation sale by notifying the seller in any manner and by any means of his intention to cancel.  HISTORY: 1962 Code Section 8-800.213; 1974 (58) 2879; 1976 Act No. 686 Section 20.
SC Code § 37-2-504 (2021)
2021 South Carolina Code of Laws|Title 37 - Consumer Protection Code|Chapter 2 - Credit Sales|Section 37-2-504. Restoration of down payment.

 (1) Within ten days after a notice of cancellation has been received by the seller or an offer to purchase has been otherwise revoked, the seller shall tender to the buyer any payments made by the buyer, any note or other evidence of indebtedness, and any goods traded in. A provision permitting the seller to keep all or any part of any goods traded in, payment, note, or evidence of indebtedness is in violation of this section and unenforceable.  (2) If the down payment includes goods traded in, the goods shall be tendered in substantially as good condition as when received by the seller. If the seller fails to tender the goods as provided by this section, the buyer may elect to recover an amount equal to the trade-in allowance stated in the agreement.  (3) Until the seller has complied with the obligations imposed by this section the buyer may retain possession of goods delivered to him by the seller and has a lien on the goods in his possession or control for any recovery to which he is entitled.  HISTORY: 1962 Code Section 8-800.214; 1974 (58) 2879; 1976 Act No. 686 Section 20.
SC Code § 37-2-505 (2021)
2021 South Carolina Code of Laws|Title 37 - Consumer Protection Code|Chapter 2 - Credit Sales|Section 37-2-505. Duty of buyer; no compensation for services before cancellation.

 (1) Except as provided by the provisions on retention of goods by the buyer (subsection (3) of Section 37-2-504), and allowing for ordinary wear and tear or consumption of the goods contemplated by the transaction, within a reasonable time after a home solicitation sale has been cancelled or an offer to purchase revoked, the buyer upon demand shall tender to the seller any goods delivered by the seller pursuant to the sale, but he is not obligated to tender at any place other than his residence. If the seller fails to demand possession of goods within a reasonable time after cancellation or revocation, the goods become the property of the buyer without obligation to pay for them. For the purpose of this section, a reasonable time is presumed to be forty days.  (2) The buyer shall take reasonable care of the goods in his possession before cancellation or revocation and for a reasonable time thereafter, during which time the goods are otherwise at the seller's risk.  (3) If a home solicitation sale is cancelled, the seller is not entitled to compensation for any services he performed pursuant to it.  HISTORY: 1962 Code Section 8-800.215; 1974 (58) 2879; 1976 Act No. 686 Section 20.
SC Code § 37-2-506 (2021)
2021 South Carolina Code of Laws|Title 37 - Consumer Protection Code|Chapter 2 - Credit Sales|Section 37-2-506. Compliance with Federal Trade Commission Trade Regulation Rule.

 A seller may elect to comply with the Federal Trade Commission Trade Regulation Rule regarding door-to-door sales and such compliance shall constitute compliance with this part.  HISTORY: 1962 Code Section 8-800.216; 1974 (58) 2879.
SC Code § 37-2-601 (2021)
2021 South Carolina Code of Laws|Title 37 - Consumer Protection Code|Chapter 2 - Credit Sales|Section 37-2-601. Sales subject to title by agreement of parties.

 The parties to a sale other than a consumer credit sale may agree in a writing signed by the parties that the sale is subject to the provisions of this title applying to consumer credit sales. If the parties so agree the sale is a consumer credit sale for the purposes of this title.  HISTORY: 1962 Code Section 8-800.221; 1974 (58) 2879.
SC Code § 37-2-605 (2021)
2021 South Carolina Code of Laws|Title 37 - Consumer Protection Code|Chapter 2 - Credit Sales|Section 37-2-605. Credit service charge for other sales.

 With respect to a sale other than a consumer credit sale, the parties may contract for the payment by the buyer of any credit service charge.  HISTORY: 1962 Code Section 8-800.222; 1974 (58) 2879.
SC Code § 37-2-701 (2021)
2021 South Carolina Code of Laws|Title 37 - Consumer Protection Code|Chapter 2 - Credit Sales|Section 37-2-701. Definitions.

 In this Part:  (1) "Advertisement" means a commercial message in any medium that promotes, directly or indirectly, a consumer rental-purchase agreement.  (2) "Consummation" means the time a lessee becomes contractually obligated on a consumer rental-purchase agreement.  (3) "Lessee" means a natural person who rents personal property under a consumer rental-purchase agreement.  (4) "Lessor" means a person who regularly provides the use of property through consumer rental-purchase agreements and to whom the obligation is initially payable on its face.  (5) "Personal property" means any property that is not real property under the laws of the state where it is located when it is made available for a consumer rental-purchase agreement.  (6) "Consumer rental-purchase agreement" means an agreement for the use of personal property by an individual primarily for personal, family, or household purposes, for an initial period of four months or less (whether or not there is any obligation beyond the initial period) that is automatically renewable with each payment and that permits the consumer to become the owner of the property. The term does not include a consumer credit sale as defined in Section 37-2-104, or a consumer loan as defined in Section 37-3-104, or a refinancing or consolidation thereof, or a consumer lease as defined in Section 37-2-106.  HISTORY: 1985 Act No. 121, Section 6.
SC Code § 37-2-702 (2021)
2021 South Carolina Code of Laws|Title 37 - Consumer Protection Code|Chapter 2 - Credit Sales|Section 37-2-702. Required disclosures; manner of disclosure; when disclosures required.

 (1) In a consumer rental-purchase agreement, the lessor shall disclose the following items, as applicable:  (a) the total of scheduled payments;  (b) the number, amounts, and timing of all payments including taxes paid to or through the lessor necessary to acquire ownership of the property;  (c) a statement that the lessee will not own the property until the lessee has made the number of payments and the total of scheduled payments necessary to acquire ownership of the property;  (d) a statement that the total of payments does not include other charges, such as late payment charges, and that the consumer should see the contract for an explanation of these charges;  (e) if applicable, a statement that the lessee is responsible for the fair market value of the property if and as of the time it is lost, stolen, damaged, or destroyed;  (f) a statement indicating whether the property is new or used, provided, it is not a violation of this section to indicate that the property is used if it is actually new;  (g) a statement that at any time after the first periodic payment is made, the lessee may acquire ownership of the property by tendering fifty-five percent of the difference between the total of scheduled payments and the total amount paid on the account.  (2) The administrator of the Department of Consumer Affairs may promulgate regulations setting requirements for the order and conspicuousness of the disclosures set forth in subitems (a) through (h). These regulations may allow these disclosures to be made in accordance with model forms prepared by the administrator.  (3) In a consumer rental-purchase agreement, the lessor shall make the disclosures required by subsection (1) clearly and conspicuously, and a copy must be given to the lessee for his records.  (4) In a consumer rental-purchase agreement, the lessor shall make the disclosures in the manner required by subsection (2) before consummation of the transaction.  HISTORY: 1985 Act No. 121, Section 6.
SC Code § 37-2-703 (2021)
2021 South Carolina Code of Laws|Title 37 - Consumer Protection Code|Chapter 2 - Credit Sales|Section 37-2-703. Renegotiation; extension of agreement.

 (a) A renegotiation occurs when an existing consumer rental-purchase agreement is satisfied and replaced by a new consumer rental-purchase agreement undertaken by the same lessor and lessee. A renegotiation is a new lease requiring new disclosures. However, the following events are not treated as renegotiations:  (1) the addition or return of property in a multiple-item agreement or the substitution of the leased property, if in either case the average payment allocable to a payment period is not changed by more than twenty-five percent;  (2) a deferral or extension of one or more periodic payments, or portions of a periodic payment;  (3) a reduction in charges in the agreement;  (4) a lease or agreement involved in a court proceeding;  (b) No disclosures are required for any extension of a consumer rental-purchase agreement.  HISTORY: 1985 Act No. 121, Section 6.