South Carolina § 38-57-180 Insurance cost must be specified in sales and loans.

South Carolina Statutes

§ 38-57-180 — Insurance cost must be specified in sales and loans.

South Carolina § 38-57-180

Title 38INSURANCE

Ch. 57TRADE PRACTICES

This text of South Carolina § 38-57-180 (Insurance cost must be specified in sales and 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. § 38-57-180 (2026).

Text

Where the premium or charge for insurance is included in the overall purchase price or financing of the purchase of merchandise or property, the vendor or lender shall separately state and identify the amount charged and to be paid for the insurance and the classifications if any, upon which based. The inclusion or exclusion of the cost of insurance in the purchase price or financing may not increase, reduce, or otherwise affect any other factor involved in the cost of the merchandise or property or financing as to the purchaser or borrower.

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Where the premium or charge for insurance is included in the overall purchase price or financing of the purchase of merchandise or property, the vendor or lender shall separately state and identify the amount charged and to be paid for the insurance and the classifications if any, upon which based. The inclusion or exclusion of the cost of insurance in the purchase price or financing may not increase, reduce, or otherwise affect any other factor involved in the cost of the merchandise or property or financing as to the purchaser or borrower.

Legislative History

HISTORY: Former 1976 Code SECTION 38-57-180 [1947 (45) 322; 1952 Code SECTION 37-1166; 1962 Code SECTION 37-1166; 1978 Act No. 585 SECTION 16] recodified as SECTION 23-9-430 by 1987 Act No. 155, SECTION 1; Former 1976 Code SECTION 38-55-180 [1962 Code SECTION 37-1218; 1964 (53) 2293] recodified as SECTION 38-57-180 by 1987 Act No. 155, SECTION 1.