Section 34-30-1240. Condition of loan on specific contracts prohibited.

SC Code § 34-30-1240 (2019) (N/A)
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A state savings bank or service corporation shall not require, as a condition of making a loan, that the borrower contract with any specific person or organization for particular services, except as otherwise permitted to national banking associations.

HISTORY: 1997 Act No. 90, Section 1, eff June 10, 1997.