South Carolina Statutes
§ 37-23-80 — Prepayment.
South Carolina § 37-23-80
This text of South Carolina § 37-23-80 (Prepayment.) 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. § 37-23-80 (2026).
Text
The debtor may prepay in full at any time without penalty the debt represented by a personal, family, or household purpose loan agreement that is secured in whole or in part by a first or junior lien on real estate if the aggregate of all sums advanced or contemplated by the parties in good faith to be advanced does not exceed one hundred fifty thousand dollars.
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Legislative History
HISTORY: 2003 Act No. 42, SECTION 1, eff January 1, 2004, and applying to loans for which the loan applications were taken on or after that date.
Nearby Sections
11
§ 37-23-10
Short title.§ 37-23-20
Definitions.§ 37-23-30
High-cost home loan agreements.§ 37-23-40
Lender limitations.§ 37-23-45
Disclosure; form.§ 37-23-60
Bona fide error; restitution.§ 37-23-75
Disclosure; form.§ 37-23-80
Prepayment.§ 37-23-85
Compliance failure.Cite This Page — Counsel Stack
Bluebook (online)
South Carolina § 37-23-80, Counsel Stack Legal Research, https://law.counselstack.com/statute/sc/23/37-23-80.