South Carolina Statutes
§ 40-39-40 — Unauthorized fees prohibited; violative pawn transaction ramifications.
(A)No pawnbroker may charge or collect any fees, costs, or assessments of any kind or nature other than those specifically allowed under this chapter.
(B)A person who makes a pawn transaction in violation of this chapter:
(1)may not collect, receive, or retain any interest or charges on the loan in violation of this chapter; and (2) has no right to possess the pledged goods.
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South Carolina § 40-39-40 (Unauthorized fees prohibited; violative pawn transaction ramifications.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1988 Act No. 491, SECTION 2; 2016 Act No. 262 (H.4090), SECTION 7, eff June 9, 2016. Effect of Amendment 2016 Act No. 262, SECTION 7, inserted paragraph designator (A), and added (B), relating to violative pawn transaction ramifications.
Nearby Sections
15
§ 40-39-10
Definitions.§ 40-39-100
Charges on loans.§ 40-39-110
Vesting of title to pledged property.§ 40-39-120
Certificate of authority renewals; penalties for noncompliance; limited operations after lapses.§ 40-39-145
Hold orders.§ 40-39-150
Administrative orders; penalties.§ 40-39-155
Contested case hearings.§ 40-39-55
Periodic dollar amount adjustments.