South Carolina Statutes
§ 37-5-302 — Disclosure violations.
A person 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, if he wilfully and knowingly (1) gives false or inaccurate information or fails to provide information which he is required to disclose under the provisions of the Federal Truth in Lending Act, (2) uses any rate table or chart, the use of which is authorized by the provisions of the Federal Truth in Lending Act, in a manner which consistently understates the annual percentage rate determined according to those provisions; or (3) otherwise fails to comply with any requirement of the provisions on disclosure of the Federal Truth in Lending Act. The criminal liability of a person under this section is in lieu of and not
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South Carolina § 37-5-302 (Disclosure violations.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1962 Code SECTION 8-800.362; 1974 (58) 2879.
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.