South Carolina § 37-2-111 "Amount financed" defined.

South Carolina Statutes

§ 37-2-111 — "Amount financed" defined.

South Carolina § 37-2-111

Title 37CONSUMER PROTECTION CODE

Ch. 2CREDIT SALES

This text of South Carolina § 37-2-111 ("Amount financed" defined.) 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. § 37-2-111 (2026).

Text

"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).

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"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).