(1) A lender who wilfully makes charges in excess of those permitted by applicable law is guilty of a misdemeanor and upon conviction may be sentenced to pay a fine not exceeding five thousand dollars, or to imprisonment not exceeding one year, or both.
(2) A person, other than a supervised financial organization, who wilfully engages in the business of making loans without a license, where a license is required, is guilty of a misdemeanor and upon conviction may be sentenced to pay a fine not exceeding five thousand dollars, or imprisonment not exceeding one year, or both.
(3) A person who wilfully engages in the business of making consumer credit sales, consumer leases, or consumer loans, or of taking assignments of rights against debtors arising therefrom and undertakes direct collection of payments or enforcement of these rights, without complying with the provisions of this title concerning notification (Section 37-6-202) or payment of fees (Section 37-6-203), is guilty of a misdemeanor and upon conviction may be sentenced to pay a fine not exceeding one hundred dollars.
HISTORY: 1962 Code Section 8-800.361; 1974 (58) 2879; 1976 Act No. 686 Section 41.
Structure South Carolina Code of Laws
Title 37 - Consumer Protection Code
Chapter 5 - Remedies And Penalties
Section 37-5-101. Short title.
Section 37-5-103. Restrictions on deficiency judgments in consumer credit sales.
Section 37-5-104. No garnishment.
Section 37-5-106. No discharge from employment for garnishment.
Section 37-5-107. Extortionate extensions of credit.
Section 37-5-108. Unconscionability; inducement by unconscionable conduct.
Section 37-5-110. Notice of consumer's right to cure.
Section 37-5-111. Cure of default.
Section 37-5-112. Creditor's right to take possession after default.
Section 37-5-113. Venue, complaint, stay of enforcement of or relief from default judgment.
Section 37-5-114. Complaint; proof; entry of default judgment.
Section 37-5-115. Stay of enforcement of or relief from default judgment.
Section 37-5-202. Effect of violations on rights of parties.
Section 37-5-203. Civil liability for violation of disclosure provisions.
Section 37-5-205. Refunds and penalties as setoff to obligation.
Section 37-5-301. Wilfull violations.