reglab/housing_qa huggingface dataset:
SC Code § 37-1-108 (2021)
2021 South Carolina Code of Laws|Title 37 - Consumer Protection Code|Chapter 1 - General Provisions And Definitions|Section 37-1-108. Effect of title on powers of organizations.

 (1) This title prescribes maximum charges for all creditors, except lessors and those excluded (Section 37-1-202), extending consumer credit including consumer credit sales (Section 37-2-104), and consumer loans (Section 37-3-104), and displaces existing limitations on the powers of those creditors based on maximum charges.  (2) With respect to sellers of goods or services, lenders licensed under this title, consumer and sales finance companies, industrial banks and loan companies, and commercial banks and trust companies, this title displaces existing limitations on their powers based solely on amount or duration of credit.  (3) Except as provided in subsection (1), this title does not displace limitations on powers of credit unions, savings banks, savings and loan associations, or other thrift institutions or insurance premium service companies whether organized for the profit of shareholders or as mutual organizations.  (4) Except as provided in subsections (1) and (2), this title does not displace:  (a) limitations on powers of supervised financial organizations (subsection (27) of Section 37-1-301) with respect to the amount of a loan to a single borrower, the ratio of a loan to the value of collateral, the duration of a loan secured by an interest in land, or other similar restrictions designed to protect deposits, or  (b) limitations on powers an organization is authorized to exercise under the laws of this State or the United States.  HISTORY: 1962 Code Section 8-800.108; 1974 (58) 2879; 1976 Act No. 686 Section 3; 1984 Act No. 261, Section 2.
SC Code § 37-1-202 (2021)
2021 South Carolina Code of Laws|Title 37 - Consumer Protection Code|Chapter 1 - General Provisions And Definitions|Section 37-1-202. Exclusions.

 Except as otherwise provided, this title does not apply to:  (1) extensions of credit to government or governmental agencies or instrumentalities;  (2) the sale of insurance by an insurer, except as otherwise provided in the chapter on insurance (Chapter 4) [Sections 37-4-101 et seq.];  (3) transactions under public utility, municipal utility or common carrier tariffs if a subdivision or agency of this State or of the United States regulates the charges for the services involved, the charges for delayed payment, and any discount allowed for early payment;  (4) transactions made pursuant to and in compliance with Chapter 39 of Title 40;.  (5) licensing or examining restricted lenders [Section 37-3-501(4)];  (6) rates and charges for advancing insurance premiums by insurance agents which shall be governed by the applicable provisions of Chapter 51 of Title 38 [Sections 38-51-10 et seq.]; or insurance premium service companies which shall be governed by the applicable provisions of Chapter 27 of Title 38 [Sections 38-27-10 et seq.];  (7) rates and charges on restricted loans [Section 37-3-501(3)]; which shall be subject to the applicable provisions of Title 34;  (8) loans, sales, or leases made primarily for agricultural purposes; except as otherwise provided in Chapter 10 [Sections 37-10-101 et seq.] of this title;  (9) loans to or on behalf of students pursuant to a government supported educational loan program;  (10) federally chartered credit unions;  (11) transactions in securities or commodities accounts with broker- dealers registered under Article 4 of Chapter 1, Title 35 or with the Securities and Exchange Commission.  HISTORY: 1962 Code Section 8-800.122; 1974 (58) 2879; 1976 Act No. 686 Sections 5-8, 69; 1979 Act No. 7 Section 5 [Repealed by 1982 Act No. 385 Section 57(1)]; 1979 Act No. 19; 1980 Act No. 326 Section 7; 1981 Act No. 6, Section 1B [Repealed by 1982 Act No. 385 Section 57(1)]; 1982 Act No. 385 Sections 6 and 57(1); 1988 Act No. 491, Section 1; 2005 Act No. 110, Section 4, eff January 1, 2006.
SC Code § 37-1-203 (2021)
2021 South Carolina Code of Laws|Title 37 - Consumer Protection Code|Chapter 1 - General Provisions And Definitions|Section 37-1-203. Jurisdiction and service of process.

 (1) Subject to constitutional and statutory jurisdictional limitations, the courts of this State may exercise jurisdiction over any person with respect to any conduct in this State governed by this title or with respect to any claim arising from a transaction subject to this title. In addition to any other method provided by statute, personal jurisdiction may be acquired in a civil action or proceeding instituted in a court by the service of process in the manner provided by this section.  (2) If a person is not a resident of this State or is a corporation not authorized to do business in this State and engages in any conduct in this State governed by this title, or engages in a transaction subject to this title, he may designate an agent upon whom service of process may be made in this State. The agent shall be a resident of this State or a corporation authorized to do business in this State. The designation shall be in writing and filed with the Secretary of State. If no designation is made and filed or if process cannot be served in this State upon the designated agent, process may be served upon the Secretary of State, but service upon him is not effective unless the plaintiff or petitioner forthwith mails a copy of the process and pleading by registered or certified mail to the defendant or respondent at his last reasonably ascertainable address. An affidavit of compliance with this section shall be filed with the clerk of the court on or before the return day of the process, if any, or within any further time the court allows.  HISTORY: 1962 Code Section 8-800.123; 1974 (58) 2879; 1982 Act No. 385, Section 5; 2016 Act No. 244 (H.5040), Section 2, eff June 5, 2016.  Effect of Amendment  2016 Act No. 244, Section 2, in (1) and (2), substituted "person" for "creditor", and in (1), deleted "over a creditor" following "personal jurisdiction".
SC Code § 37-1-302 (2021)
2021 South Carolina Code of Laws|Title 37 - Consumer Protection Code|Chapter 1 - General Provisions And Definitions|Section 37-1-302. Definition of "Federal Consumer Credit Protection Act".

 In this title "Federal Consumer Credit Protection Act" means the Consumer Credit Protection Act (Public Law 90-321: 82 Stat. 146), as amended from time to time, and includes regulations issued under the act. Title I of the Federal Consumer Credit Protection Act is referred to throughout this title as the "Federal Truth-in-Lending Act".  HISTORY: 1962 Code Section 8-800.132; 1974 (58) 2879; 1982 Act No. 385, Section 8; 2016 Act No. 244 (H.5040), Section 3, eff June 5, 2016.  Effect of Amendment  2016 Act No. 244, Section 3, substituted "under the act" for "from time to time by the Board of Governors of the Federal Reserve System"; and made other nonsubstantive changes.
SC Code § 37-1-303 (2021)
2021 South Carolina Code of Laws|Title 37 - Consumer Protection Code|Chapter 1 - General Provisions And Definitions|Section 37-1-303. Index of definitions in title.

 Definitions in this title and the sections in which they appear are:  "Actuarial method" - Section 37-1-301(1)  "Administrator" - Section 37-1-301(2)  "Administrator" - Section 37-6-103  "Agreement" - Section 37-1-301(3)  "Agricultural purpose" - Section 37-1-301(4)  "Alternative mortgage loan" - Section 37-1-301(5)  "Amount financed" - Section 37-2-111  "Assumption" - Section 37-1-301(5A)  "Billing cycle" - Section 37-1-301(6)  "Card holder" - Section 37-1-301(7)  "Card issuer" - Section 37-1-301(8)  "Cash price" - Section 37-2-110  "Cash Advance" - Section 37-1-301(30)  "Conspicuous" - Section 37-1-301(9)  "Consumer" - Section 37-1-301(10)  "Consumer credit insurance" - Section 37-4-103  "Consumer credit sale" - Section 37-2-104  "Consumer credit transaction" - Section 37-1-301(11)  "Consumer lease" - Section 37-2-106  "Consumer loan" - Section 37-3-104  "Contested case" - Section 37-6-402(1)  "Credit" - Section 37-1-301(12)  "Credit Insurance Act" - Section 37-4-103  "Creditor" - Section 37-1-301(13)  "Credit service charge" - Section 37-2-109  "Debt Collector" - Section 37-1-301(28)  "Debtor" - Section 37-1-301(14)  "Earnings" - Section 37-1-301(15)  "Federal Truth-in-Lending Act" - Section 37-1-302  "Goods" - Section 37-2-105(1)  "Home solicitation sale" - Section 37-2-501  "Lender" - Section 37-3-107(1)  "Lender credit card or similar arrangement" - Section 37-1-301(16)  "License" - Section 37-6-402(2)  "Licensee" - Section 37-1-301(29)  "Licensing" - Section 37-6-402(3)  "Loan" - Section 37-3-106  "Loan finance charge" - Section 37-3-109  "Merchandise certificate" - Section 37-2-105(2)  "Official fees" - Section 37-1-301(17)  "Organization" - Section 37-1-301(18)  "Party" - Section 37-6-402(4)  "Payable in installments" - Section 37-1-301(19)  "Person" - Section 37-1-301(20)  "Person related to" - Section 37-1-301(21)  "Precomputed" (loan) - Section 37-3-107(2)  "Precomputed" (sale) - Section 37-2-105(7)  "Presumed" or "presumption" - Section 37-1-301(22)  "Principal" - Section 37-3-107(3)  "Residence" - Section 37-1-301(23)  "Residential manufactured home" - Section 37-1-301(24)  "Residential real property" - Section 37-1-301(25)  "Restricted lender" - Section 37-3-501(4)  "Restricted loan" - Section 37-3-501(3)  "Revolving charge account" - Section 37-2-108  "Revolving loan account" - Section 37-3-108  "Rule" - Section 37-6-402(5)  "Sale of an interest in land" - Section 37-2-105(6)  "Sale of goods" - Section 37-2-105(4)  "Sale of services" - Section 37-2-105(5)  "Seller" - Section 37-2-107  "Seller credit card" - Section 37-1-301(26)  "Services" - Section 37-2-105(3)  "Supervised financial organization" - Section 37-1-301(27)  "Supervised lender" - Section 37-3-501(2)  "Supervised loan" - Section 37-3-501(1).  HISTORY: 1962 Code Section 8-800.133; 1974 (58) 2879; 1976 Act No. 686 Section 10; 1982 Act No. 384, Section 9; 1995 Act No. 135, Section 7.
SC Code § 37-2-101 (2021)
2021 South Carolina Code of Laws|Title 37 - Consumer Protection Code|Chapter 2 - Credit Sales|Section 37-2-101. Short title.

 This chapter shall be known and may be cited as South Carolina Consumer Protection Code - Credit Sales.  HISTORY: 1962 Code Section 8-800.141; 1974 (58) 2879.
SC Code § 37-2-102 (2021)
2021 South Carolina Code of Laws|Title 37 - Consumer Protection Code|Chapter 2 - Credit Sales|Section 37-2-102. Scope.

 This chapter applies to consumer credit sales, including home solicitation sales, and consumer leases; Sections 37-2-307 and 37-2-308 of Part 3 apply to the sale of motor vehicles; in addition, Part 6 applies to other than consumer credit sales and Part 7 applies to consumer rental-purchase agreements.  HISTORY: 1962 Code Section 8-800.142; 1974 (58) 2879; 1984 Act No. 261, Section 4; 1985 Act No. 121, Section 5; 2016 Act No. 244 (H.5040), Section 4, eff June 5, 2016.  Effect of Amendment  2016 Act No. 244, Section 4, inserted "Sections 37-2-307 and 37-2-308 of Part 3 apply to the sale of motor vehicles".
SC Code § 37-2-103 (2021)
2021 South Carolina Code of Laws|Title 37 - Consumer Protection Code|Chapter 2 - Credit Sales|Section 37-2-103. Index of definitions in chapter.

 The following definitions apply to this title and appear in this chapter as follows:  "Amount financed" - Section 37-2-111  "Cash price" - Section 37-2-110  "Consumer credit sale" - Section 37-2-104  "Consumer lease" - Section 37-2-106  "Credit service charge" - Section 37-2-109  "Goods" - Section 37-2-105(1)  "Home solicitation sale" - Section 37-2-501  "Merchandise certificate" - Section 37-2-105(2)  "Precomputed" - Section 37-2-105(7)  "Revolving charge account" - Section 37-2-108  "Sale of goods" - Section 37-2-105(4)  "Sale of an interest in land" - Section 37-2-105(6)  "Sale of services" - Section 37-2-105(5)  "Seller" - Section 37-2-107  "Services" - Section 37-2-105(3)  HISTORY: 1962 Code Section 8-800.143; 1974 (58) 2879.
SC Code § 37-2-104 (2021)
2021 South Carolina Code of Laws|Title 37 - Consumer Protection Code|Chapter 2 - Credit Sales|Section 37-2-104. "Consumer credit sale" defined.

 (1) Except as provided in subsection (2), "consumer credit sale" is a sale of goods, services, or an interest in land in which:  (a) credit is granted by a person who regularly engages as a seller in credit transactions of the same kind;  (b) the buyer is a person other than an organization;  (c) the goods, services, or interest in land are purchased primarily for a personal, family or household purpose;  (d) either the debt is payable in installments or a credit service charge is made; and  (e) with respect to a sale of goods or services, the amount financed does not exceed twenty-five thousand dollars.  (2) Unless the sale is made subject to this title by agreement (Section 37-2-601), "consumer credit sale" does not include:  (a) a sale in which a seller allows the buyer to purchase goods or services pursuant to a lender credit card or similar arrangement, or  (b) a sale of an interest in land if the debt is secured by a first lien or equivalent security interest in real estate.  Credit sales excluded from the definition of a consumer credit sale pursuant to this subsection are subject to the following provisions of this title: civil liability for violation of disclosure (Section 37-5-203) and voluntary complaint resolution (Section 37-6-117); and in credit sales excluded pursuant to item (b) limitations on selection of a closing attorney and insurance agent (Section 37-10-102(a)) and notice of assumption rights (Section 37-10-102(c)).  (3) In the case of a consumer credit sale pursuant to a seller credit card the person engaged in making such credit sale is the card issuer and not another person honoring such credit card.  HISTORY: 1962 Code Section 8-800.144; 1974 (58) 2879; 1976 Act No. 686 Section 62; 1982 Act No. 385, Section 10; 1984 Act No. 355, Section 3.
SC Code § 37-2-105 (2021)
2021 South Carolina Code of Laws|Title 37 - Consumer Protection Code|Chapter 2 - Credit Sales|Section 37-2-105. "Goods"; "merchandise certificate"; "services"; "sale of goods"; "sale of services"; "sale of an interest in land"; "precomputed" defined.

 (1) "Goods" includes goods not in existence at the time the transaction is entered into and merchandise certificates, but excludes money, chattel paper, documents of title, and instruments.  (2) "Merchandise certificate" means a writing issued by a seller not redeemable in cash and usable in its face amount in lieu of cash in exchange for goods or services.  (3) "Services" includes (a) work, labor, and other personal services, (b) privileges with respect to transportation, hotel and restaurant accommodations, education, entertainment, recreation, physical culture, hospital accommodations, funerals, cemetery accommodations, and the like, and (c) insurance provided by a person other than the insurer.  (4) "Sale of goods" includes any agreement in the form of a bailment or lease of goods if the bailee or lessee agrees to pay as compensation for use a sum substantially equivalent to or in excess of the aggregate value of the goods involved and it is agreed that the bailee or lessee will become, or for no other or a nominal consideration has the option to become, the owner of the goods upon full compliance with his obligations under the agreement.  (5) "Sale of services" means furnishing or agreeing to furnish services and includes making arrangements to have services furnished by another.  (6) "Sale of an interest in land" includes a lease in which the lessee has an option to purchase the interest and all or a substantial part of the rental or other payments previously made by him are applied to the purchase price.  (7) A sale, refinancing, or consolidation is "precomputed" if the debt is expressed as a sum comprising the amount financed and the amount of the credit service charge computed in advance.  HISTORY: 1962 Code Section 8-800.145; 1974 (58) 2879.
SC Code § 37-2-106 (2021)
2021 South Carolina Code of Laws|Title 37 - Consumer Protection Code|Chapter 2 - Credit Sales|Section 37-2-106. "Consumer lease" defined.

 (1) "Consumer lease" means a lease of goods:  (a) which a lessor regularly engaged in the business of leasing makes to a person, other than an organization, who takes under a lease primarily for a personal, family or household purpose;  (b) in which the amount payable under the lease does not exceed twenty-five thousand dollars; and  (c) which is for a term exceeding four months.  (2) "Consumer lease" does not include a lease made pursuant to a lender credit card or similar arrangement.  HISTORY: 1962 Code Section 8-800.146; 1974 (58) 2879; 1982 Act No. 385, Section 11.
SC Code § 37-2-107 (2021)
2021 South Carolina Code of Laws|Title 37 - Consumer Protection Code|Chapter 2 - Credit Sales|Section 37-2-107. "Seller" defined.

 Except as otherwise provided, "seller" includes an assignee of the seller's right to payment but use of the term does not in itself impose on an assignee any obligation of the seller with respect to events occurring before the assignment.  HISTORY: 1962 Code Section 8-800.147; 1974 (58) 2879.
SC Code § 37-2-108 (2021)
2021 South Carolina Code of Laws|Title 37 - Consumer Protection Code|Chapter 2 - Credit Sales|Section 37-2-108. "Revolving charge account" defined.

 "Revolving charge account" means an arrangement between a seller and a buyer pursuant to which:  (1) the seller may permit the buyer to purchase goods or services on credit either from the seller or pursuant to a seller credit card;  (2) the unpaid balances of amounts financed arising from purchases and the credit service and other appropriate charges are debited to an account;  (3) a credit service charge if made is not precomputed but is computed on the outstanding unpaid balances of the buyer's account from time to time; and  (4) the buyer has the privilege of paying the balances in installments.  HISTORY: 1962 Code Section 8-800.148; 1974 (58) 2879.
SC Code § 37-2-109 (2021)
2021 South Carolina Code of Laws|Title 37 - Consumer Protection Code|Chapter 2 - Credit Sales|Section 37-2-109. "Credit service charge" defined.

 "Credit service charge" means the sum of:  (1) all charges payable directly or indirectly by the buyer and imposed directly or indirectly by the seller as an incident to the extension of credit, including any of the following types of charges which are applicable: time price differential, service, carrying or other charge, however denominated, premium or other charge for any guarantee or insurance protecting the seller against the buyer's default or other credit loss; and, except as otherwise provided in this section;  (2) charges incurred for investigating the collateral or creditworthiness of the buyer or for commissions or brokerage for obtaining the credit, irrespective of the person to whom the charges are paid or payable, unless the seller had no notice of the charges when the credit was granted.  The term does not include charges as a result of default, additional charges (Section 37-2-202), delinquency charges (Section 37-2-203), deferral charges (Section 37-2-204), or in a consumer credit sale which is secured in whole or in part by a first or junior lien or real estate, charges incurred for appraising the real estate that is collateral for the credit sale, if not paid to the creditor or a person related to the creditor.  HISTORY: 1962 Code Section 8-800.149; 1974 (58) 2879; 1982 Act No. 385, Section 13.
SC Code § 37-2-110 (2021)
2021 South Carolina Code of Laws|Title 37 - Consumer Protection Code|Chapter 2 - Credit Sales|Section 37-2-110. "Cash price" defined.

 Except as the administrator may otherwise prescribe by rule, the "cash price" of goods, services, or an interest in land means the price at which goods, services, or interest in land are offered for sale by the seller to cash buyers in the ordinary course of business, and may include:  (1) applicable sales, use, and excise and documentary stamp taxes;  (2) the cash price of accessories or related services such as delivery, installation, servicing, repairs, alterations and improvements; and  (3) amounts actually paid or to be paid by the seller for registration, certificate of title, or license fees.  The cash price stated by the seller to the buyer pursuant to the provisions on disclosure (Part 3) of this chapter is presumed to be the cash price.  HISTORY: 1962 Code Section 8-800.150; 1974 (58) 2879.
SC Code § 37-2-111 (2021)
2021 South Carolina Code of Laws|Title 37 - Consumer Protection Code|Chapter 2 - Credit Sales|Section 37-2-111. "Amount financed" defined.

 "Amount financed" means the total of the following items to the extent that payment is deferred:  (1) the cash price of the goods, services or interest in land, less the amount of any down payment whether made in cash or in property traded in;  (2) the amount actually paid or to be paid by the seller pursuant to an agreement with the buyer to discharge a security interest in or a lien on property traded in; and  (3) if not included in the cash price:  (a) any applicable sales, use, excise, or documentary stamp taxes;  (b) amounts actually paid or to be paid by the seller for registration, certificate of title, or license fees; and  (c) additional charges permitted by this chapter (Section 37-2-202).  HISTORY: 1962 Code Section 8-800.151; 1974 (58) 2879; 1982 Act No. 385, Section 12.
SC Code § 37-2-203 (2021)
2021 South Carolina Code of Laws|Title 37 - Consumer Protection Code|Chapter 2 - Credit Sales|Section 37-2-203. Delinquency charges.

 (1) With respect to a consumer credit sale including an open-end consumer credit sale pursuant to a seller credit card, and any refinancings or consolidations of all such credit sales, the parties may contract for a delinquency charge on any installment not paid in full within ten days after its due date, as originally scheduled or as deferred, in an amount not exceeding five dollars, which is not more than five percent of the unpaid amount of the installment.  (2) Notwithstanding subsection (1) the seller may contract for and receive a minimum delinquency charge not to exceed forty percent of five dollars as adjusted pursuant to Section 37-1-109. The seller may contract for such a minimum charge even though the charge exceeds five percent of the unpaid amount of the installment.  (3) A statement in the agreement between the creditor and the debtor to the effect that the creditor may charge the maximum delinquency charge (or late charge) authorized by law entitles the creditor to impose a delinquency charge in the dollar amount specified in subsections (1) and (2) as adjusted pursuant to Section 37-1-109 at the time the delinquency charge is imposed, subject to the five percent of the unpaid amount of the installment limitation, if applicable.  (4) A delinquency charge under this section may be collected only once on an installment however long it remains in default. No delinquency charge may be collected with respect to a deferred installment unless the installment is not paid in full within ten days after its deferred due date. A delinquency charge may be collected at the time it accrues or at any time thereafter.  (5) A delinquency charge pursuant to this section must not be collected on a payment that is otherwise a full installment payment for the applicable period and is paid on its due date or within ten days after its due date if the only delinquency is attributable to a late fee or a delinquency charge assessed on an earlier installment. It is the intent of the legislature that, in construing this subsection the courts be guided by interpretations to 16 C.F.R. 444.4 and 12 C.F.R. 227.15, as amended from time to time, relating to late charges, given by the Federal Trade Commission, Federal Reserve Board, and the Federal Courts.  HISTORY: 1962 Code Section 8-800.163; 1974 (58) 2879; 1982 Act No. 385, Section 16; 1991 Act No. 142, Section 4; 2004 Act No. 234, Section 1, eff May 11, 2004.