South Carolina Code 29-3-640. Time within which mortgagor’s consent to amount of debt is valid to allow sale by mortgagee
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Terms Used In South Carolina Code 29-3-640
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Mortgagor: The person who pledges property to a creditor as collateral for a loan and who receives the money.
The consent of the mortgagor to the amount of the debt shall bear date not more than twelve months prior to any sale under any power contained in any such mortgage as referred to in § 29-3-630.