No person may act or attempt in a loan transaction to prevent the filing or receiving of payment on a legitimate insurance claim. In an action in which it is found that a person has violated this section, the court shall award to the borrower the actual damages and consequential damages, if any, and to his attorneys their reasonable fees and costs. In determining attorney's fees and costs, the amount of recovery on behalf of the consumer is not controlling.
HISTORY: 1999 Act No. 66, Section 2, eff January 1, 2000.
Structure South Carolina Code of Laws
Title 34 - Banking, Financial Institutions and Money
Chapter 29 - Consumer Finance Law
Section 34-29-10. Definitions.
Section 34-29-20. License; exemptions; loans violating requirements are void.
Section 34-29-30. Application for license; fees.
Section 34-29-40. Issuance or denial of license.
Section 34-29-50. Contents of license; posting; nonassignability; duration; annual fee.
Section 34-29-60. Licenses for more than one place of business; removal.
Section 34-29-70. Licensing purchaser of business.
Section 34-29-80. Revocation, suspension, surrender, and reinstatement of licenses.
Section 34-29-90. Examinations; investigations; orders to desist; injunctions.
Section 34-29-100. Books and records; reports; publication of analysis.
Section 34-29-110. Rules and regulations; copies of licenses, regulations and orders.
Section 34-29-120. Advertising.
Section 34-29-130. Conducting business with other business; loans shall be made in name of licensee.
Section 34-29-140. Loans; charges; installments; maturity; prohibitions; penalties.
Section 34-29-160. Insurance on security and borrower.
Section 34-29-161. Payment on insurance claim; damages; fees; costs.
Section 34-29-162. Refinancing loan; nonlapsed insurance coverage.
Section 34-29-163. Effect of misrepresentation by insured.
Section 34-29-164. Amount charged for nonfiling insurance coverage.
Section 34-29-165. Evidence of insurability.
Section 34-29-166. Insurance provided by creditor; delivery of policy; information on policy.
Section 34-29-170. Confession of judgment or power of attorney to confess judgment shall be void.
Section 34-29-180. Judicial review of orders or decisions of board.
Section 34-29-190. Disposition of fees and other funds.
Section 34-29-200. Chief administrative officer and other personnel.
Section 34-29-210. Appointment of Director as agent for service of process.
Section 34-29-220. Foreign loans.
Section 34-29-240. Licenses for persons engaged in lending on December 1, 1965.
Section 34-29-250. Violations.
Section 34-29-260. Modification, amendment, or repeal of chapter.