South Carolina Statutes
§ 37-3-502 — Authority to make supervised loans.
South Carolina § 37-3-502
This text of South Carolina § 37-3-502 (Authority to make supervised loans.) 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. § 37-3-502 (2026).
Text
Unless a person is a supervised financial organization or has first obtained a license from the State Board of Financial Institutions authorizing him to make supervised loans, he shall not engage in the business of (1) making supervised loans; or (2) taking assignments of and undertaking direct collection of payments from or enforcement of rights against debtors arising from supervised loans.
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Legislative History
HISTORY: 1976 Act No. 686 SECTION 2; 1982 Act No. 385, SECTION 39.
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 § 37-3-502, Counsel Stack Legal Research, https://law.counselstack.com/statute/sc/37-3-502.