Section 37-2-414. Limitation on default charges.

SC Code § 37-2-414 (2019) (N/A)
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Except for reasonable expenses incurred in realizing on a security interest, the agreement with respect to a consumer credit sale may not provide for any charges as a result of default by the buyer other than those authorized by this title. A provision in violation of this section is unenforceable.

HISTORY: 1962 Code Section 8-800.204; 1974 (58) 2879.