South Carolina Statutes
§ 37-5-301 — Wilfull violations.
(1)A lender who wilfully makes charges in excess of those permitted by applicable law is guilty of a misdemeanor and upon conviction may be sentenced to pay a fine not exceeding five thousand dollars, or to imprisonment not exceeding one year, or both.
(2)A person, other than a supervised financial organization, who wilfully engages in the business of making loans without a license, where a license is required, is guilty of a misdemeanor and upon conviction may be sentenced to pay a fine not exceeding five thousand dollars, or imprisonment not exceeding one year, or both.
(3)A person who wilfully engages in the business of making consumer credit sales, consumer leases, or consumer loans, or of taking assignments of rights against debtors arising therefrom and undertakes direct collectio
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South Carolina § 37-5-301 (Wilfull violations.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1962 Code SECTION 8-800.361; 1974 (58) 2879; 1976 Act No. 686 SECTION 41.
Nearby Sections
15
§ 37-5-101
Short title.§ 37-5-102
Scope.§ 37-5-104
No garnishment.§ 37-5-107
Extortionate extensions of credit.§ 37-5-109
Default.§ 37-5-110
Notice of consumer's right to cure.§ 37-5-111
Cure of default.