South Carolina Interest Rates 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|Penalty for Usury (Unlawful Interest Rate)||Usury penalty laws repealed June 25, 1982, but old law may apply to transactions before then (formerly §34-31-50)|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.)|
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