South Carolina Statutes
§ 37-3-108 — "Revolving loan account" defined.
South Carolina § 37-3-108
This text of South Carolina § 37-3-108 ("Revolving loan account" defined.) 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. § 37-3-108 (2026).
Text
"Revolving loan account" means an arrangement between a lender and a debtor pursuant to which:
(1)the lender may permit the debtor to obtain loans from time to time;
(2)the unpaid balances of principal and the loan finance and other appropriate charges are debited to an account;
(3)a loan finance charge if made is not precomputed but is computed on the outstanding unpaid balances of the debtor's account from time to time; and (4) the debtor has the privilege of paying the balances in installments.
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Legislative History
HISTORY: 1962 Code SECTION 8-800.238; 1974 (58) 2879.
Nearby Sections
15
§ 37-3-101
Short title.§ 37-3-102
Scope.§ 37-3-103
Index of definitions.§ 37-3-104
"Consumer loan" defined.§ 37-3-105
First mortgage real estate loans.§ 37-3-106
"Loan" defined.§ 37-3-108
"Revolving loan account" defined.§ 37-3-109
"Loan finance charge" defined.§ 37-3-200
Restricted loans and restricted lenders.§ 37-3-201
Loan finance charge for consumer loans.§ 37-3-202
Additional charges.§ 37-3-203
Delinquency charges.§ 37-3-204
Deferral charges.§ 37-3-205
Loan finance charge on refinancing.Cite This Page — Counsel Stack
Bluebook (online)
South Carolina § 37-3-108, Counsel Stack Legal Research, https://law.counselstack.com/statute/sc/3/37-3-108.