South Carolina § 8-13-1326 Loans to candidates considered contributions; limitations; exceptions.

South Carolina Statutes

§ 8-13-1326 — Loans to candidates considered contributions; limitations; exceptions.

South Carolina § 8-13-1326

Title 8PUBLIC OFFICERS AND EMPLOYEES

Ch. 13ETHICS, GOVERNMENT ACCOUNTABILITY, AND CAMPAIGN REFORM

This text of South Carolina § 8-13-1326 (Loans to candidates considered contributions; limitations; exceptions.) is published on Counsel Stack Legal Research, covering South Carolina primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

S.C. Code Ann. § 8-13-1326 (2026).

Text

(A)A loan is considered a contribution from the maker or the guarantors of the loan and is subject to the contribution limitations of this article.

(B)A loan to a candidate must be by written agreement.

(C)The proceeds of a loan made to a candidate under the following conditions are not subject to the contribution limits of this article:

(1)by a commercial lending institution;

(2)in the regular course of business;

(3)on the same terms ordinarily available to members of the public; and (4) secured or guaranteed upon which collection is not made.

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(A) A loan is considered a contribution from the maker or the guarantors of the loan and is subject to the contribution limitations of this article. (B) A loan to a candidate must be by written agreement. (C) The proceeds of a loan made to a candidate under the following conditions are not subject to the contribution limits of this article: (1) by a commercial lending institution; (2) in the regular course of business; (3) on the same terms ordinarily available to members of the public; and (4) secured or guaranteed upon which collection is not made.