South Carolina Statutes
§ 37-2-414 — Limitation on default charges.
South Carolina § 37-2-414
This text of South Carolina § 37-2-414 (Limitation on default charges.) 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. § 37-2-414 (2026).
Text
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.
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Legislative History
HISTORY: 1962 Code SECTION 8-800.204; 1974 (58) 2879.
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 § 37-2-414, Counsel Stack Legal Research, https://law.counselstack.com/statute/sc/2/37-2-414.