South Carolina Statutes
§ 37-2-406 — Restriction on liability in consumer lease.
South Carolina § 37-2-406
This text of South Carolina § 37-2-406 (Restriction on liability in consumer lease.) 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. § 37-2-406 (2026).
Text
The obligation of a lessee upon expiration of a consumer lease may not exceed three times the average payment allocable to a monthly period under the lease. This limitation does not apply to charges for damages to the leased property or for other default.
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Legislative History
HISTORY: 1962 Code SECTION 8-800.196; 1974 (58) 2879; 1976 Act No. 686 SECTION 58.
Nearby Sections
15
§ 37-2-101
Short title.§ 37-2-102
Scope.§ 37-2-103
Index of definitions in chapter.§ 37-2-104
"Consumer credit sale" defined.§ 37-2-106
"Consumer lease" defined.§ 37-2-107
"Seller" defined.§ 37-2-108
"Revolving charge account" defined.§ 37-2-109
"Credit service charge" defined.§ 37-2-110
"Cash price" defined.§ 37-2-111
"Amount financed" defined.§ 37-2-202
Additional charges.§ 37-2-203
Delinquency charges.§ 37-2-204
Deferral charges.Cite This Page — Counsel Stack
Bluebook (online)
South Carolina § 37-2-406, Counsel Stack Legal Research, https://law.counselstack.com/statute/sc/2/37-2-406.