South Carolina § 37-2-104 "Consumer credit sale" defined.

South Carolina Statutes

§ 37-2-104 — "Consumer credit sale" defined.

South Carolina § 37-2-104

Title 37CONSUMER PROTECTION CODE

Ch. 2CREDIT SALES

This text of South Carolina § 37-2-104 ("Consumer credit sale" 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. § 37-2-104 (2026).

Text

(1)Except as provided in subsection (2), "consumer credit sale" is a sale of goods, services, or an interest in land in which:

(a)credit is granted by a person who regularly engages as a seller in credit transactions of the same kind;

(b)the buyer is a person other than an organization;

(c)the goods, services, or interest in land are purchased primarily for a personal, family or household purpose;

(d)either the debt is payable in installments or a credit service charge is made; and (e) with respect to a sale of goods or services, the amount financed does not exceed twenty-five thousand dollars.

(2)Unless the sale is made subject to this title by agreement (Section 37-2-601), "consumer credit sale" does not include:

(a)a sale in which a seller allows the buyer to purchase goods or se

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(1) Except as provided in subsection (2), "consumer credit sale" is a sale of goods, services, or an interest in land in which: (a) credit is granted by a person who regularly engages as a seller in credit transactions of the same kind; (b) the buyer is a person other than an organization; (c) the goods, services, or interest in land are purchased primarily for a personal, family or household purpose; (d) either the debt is payable in installments or a credit service charge is made; and (e) with respect to a sale of goods or services, the amount financed does not exceed twenty-five thousand dollars. (2) Unless the sale is made subject to this title by agreement (Section 37-2-601), "consumer credit sale" does not include: (a) a sale in which a seller allows the buyer to purchase goods or services pursuant to a lender credit card or similar arrangement, or (b) a sale of an interest in land if the debt is secured by a first lien or equivalent security interest in real estate. Credit sales excluded from the definition of a consumer credit sale pursuant to this subsection are subject to the following provisions of this title: civil liability for violation of disclosure (Section 37-5-203) and voluntary complaint resolution (Section 37-6-117); and in credit sales excluded pursuant to item (b) limitations on selection of a closing attorney and insurance agent (Section 37-10-102(a)) and notice of assumption rights (Section 37-10-102(c)). (3) In the case of a consumer credit sale pursuant to a seller credit card the person engaged in making such credit sale is the card issuer and not another person honoring such credit card.