South Carolina § 29-3-670 Deficiency shall not be extinguished on purchase by mortgagee.

South Carolina Statutes

§ 29-3-670 — Deficiency shall not be extinguished on purchase by mortgagee.

South Carolina § 29-3-670

Title 29MORTGAGES AND OTHER LIENS

Ch. 3MORTGAGES AND DEEDS OF TRUST GENERALLY

This text of South Carolina § 29-3-670 (Deficiency shall not be extinguished on purchase by mortgagee.) 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. § 29-3-670 (2026).

Text

When any sale of land is made under the circumstances under which such a sale is permitted by SECTION 29-3-630 any balance of the mortgage debt over the purchase price of the land at such sale shall not be extinguished by reason of the mortgagee or his assigns becoming the purchaser at such sale, whether the mortgage contained a provision to that effect or not.

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Legislative History

HISTORY: 1962 Code SECTION 45-87; 1952 Code SECTION 45-87; 1942 Code SECTION 8711; 1932 Code SECTION 8711; Civ. C. '22 SECTION 5231; Civ. C. '12 SECTION 3467; Civ. C. '02 SECTION 2381; 1896 (22) 194.