South Carolina Statutes
§ 34-29-120 — Advertising.
No licensee or other person subject to this chapter shall advertise, display, distribute, broadcast, televise or cause or permit to be advertised, displayed, distributed, broadcast or televised in any manner whatsoever, any false, misleading or deceptive statement or representation with regard to the rates, terms or conditions for loans. The Board may require that charges or rates, if stated by a licensee, be stated fully and clearly in such manner as it may deem necessary to prevent misunderstanding thereof by prospective borrowers. The Board may permit licensees to refer in their advertising to the fact that their business is under State supervision, subject to conditions imposed by it to prevent an erroneous impression as to the scope or degree of protection provided by this chapter.
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Legislative History
HISTORY: 1962 Code SECTION 8-800.8; 1956 (49) 2052, 2967; 1957 (50) 339; 1966 (54) 2391.
Nearby Sections
15
§ 34-29-10
Definitions.§ 34-29-120
Advertising.§ 34-29-160
Insurance on security and borrower.§ 34-29-163
Effect of misrepresentation by insured.§ 34-29-165
Evidence of insurability.