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South Carolina Interest Rates Laws
More Information on Interest Rate Laws
| Legal Maximum Rate of Interest | 8 ?% (§34-31-20) |
| Penalty for Usury (Unlawful Interest Rate) | Usury penalty laws repealed June 25, 1982, but old law may apply to transactions before then (formerly §34-31-50) |
| Interest Rates on Judgments | 12% (§34-31-20) |
| Exceptions | See South Carolina Consumer Protection Code (§37-1-101 et seq.) |
Note: State laws are constantly changing -- contact an attorney or conduct your own legal research to verify the state law(s) you are researching.
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