South Carolina Code 37-3-514. Limitation on attorney’s fees
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In South Carolina Code 37-3-514
- Finance charge: The total cost of credit a customer must pay on a consumer loan, including interest. The Truth in Lending Act requires disclosure of the finance charge. Source: OCC
With respect to a supervised loan with a loan finance charge in excess of eighteen percent per year and in which the principal is $1,000 or less, the agreement may not provide for the payment by the debtor of attorney’s fees. A provision in violation of this section is unenforceable.