§ 34-29-10 Definitions
§ 34-29-20 License; exemptions; loans violating requirements are void
§ 34-29-30 Application for license; fees
§ 34-29-40 Issuance or denial of license
§ 34-29-50 Contents of license; posting; nonassignability; duration; annual fee
§ 34-29-60 Licenses for more than one place of business; removal
§ 34-29-70 Licensing purchaser of business
§ 34-29-80 Revocation, suspension, surrender, and reinstatement of licenses
§ 34-29-90 Examinations; investigations; orders to desist; injunctions
§ 34-29-100 Books and records; reports; publication of analysis
§ 34-29-110 Rules and regulations; copies of licenses, regulations and orders
§ 34-29-120 Advertising
§ 34-29-130 Conducting business with other business; loans shall be made in name of licensee
§ 34-29-140 Loans; charges; installments; maturity; prohibitions; penalties
§ 34-29-150 Written statement disclosing terms of contract; receipts for payments; return of note and security on payment in full; lien on household furniture
§ 34-29-160 Insurance on security and borrower
§ 34-29-161 Payment on insurance claim; damages; fees; costs
§ 34-29-162 Refinancing loan; nonlapsed insurance coverage
§ 34-29-163 Effect of misrepresentation by insured
§ 34-29-164 Amount charged for nonfiling insurance coverage
§ 34-29-165 Evidence of insurability
§ 34-29-166 Insurance provided by creditor; delivery of policy; information on policy
§ 34-29-170 Confession of judgment or power of attorney to confess judgment shall be void
§ 34-29-180 Judicial review of orders or decisions of board
§ 34-29-190 Disposition of fees and other funds
§ 34-29-200 Chief administrative officer and other personnel
§ 34-29-210 Appointment of Director as agent for service of process
§ 34-29-220 Foreign loans
§ 34-29-240 Licenses for persons engaged in lending on December 1, 1965
§ 34-29-250 Violations
§ 34-29-260 Modification, amendment, or repeal of chapter

Terms Used In South Carolina Code > Title 34 > Chapter 29 - Consumer Finance Law

  • Advice and consent: Under the Constitution, presidential nominations for executive and judicial posts take effect only when confirmed by the Senate, and international treaties become effective only when the Senate approves them by a two-thirds vote.
  • Advisory Council: means the Juvenile Justice Advisory Council. See South Carolina Code 23-4-20
  • Amount of the loan: shall mean the cash advance plus other authorized charges. See South Carolina Code 34-29-10
  • Answer: The formal written statement by a defendant responding to a civil complaint and setting forth the grounds for defense.
  • Appellate: About appeals; an appellate court has the power to review the judgement of another lower court or tribunal.
  • Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
  • Arrest: Taking physical custody of a person by lawful authority.
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • bank: as used in this title must be construed to include all institutions doing any kind of banking business whose deposits are eligible for insurance by the Federal Deposit Insurance Corporation, excluding a savings bank, and "building and loan association" as used in this title must be construed to include a mutual or stock savings association, savings and loan association, or savings bank and all other institutions doing any kind of building and loan business whose deposits are eligible for insurance by the Federal Savings and Loan Insurance Corporation. See South Carolina Code 34-1-10
  • Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
  • Board: shall mean the State Board of Bank Control and its duly authorized deputies. See South Carolina Code 34-29-10
  • Cash advance: shall mean the amount of cash or its equivalent that the borrower actually receives or is paid out at his direction or on his behalf. See South Carolina Code 34-29-10
  • Clerk of court: An officer appointed by the court to work with the chief judge in overseeing the court's administration, especially to assist in managing the flow of cases through the court and to maintain court records.
  • Committee: means the Governor's Committee on Criminal Justice, Crime and Delinquency. See South Carolina Code 23-4-20
  • Contract: A legal written agreement that becomes binding when signed.
  • Conviction: A judgement of guilt against a criminal defendant.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Ex officio: Literally, by virtue of one's office.
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • Freedom of Information Act: A federal law that mandates that all the records created and kept by federal agencies in the executive branch of government must be open for public inspection and copying. The only exceptions are those records that fall into one of nine exempted categories listed in the statute. Source: OCC
  • Injunction: An order of the court prohibiting (or compelling) the performance of a specific act to prevent irreparable damage or injury.
  • Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. Source: OCC
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • License: shall mean the privilege certificate issued by the Board under the authority of this chapter to conduct the business regulated by this chapter. See South Carolina Code 34-29-10
  • Licensee: shall mean a person to whom one or more licenses have been issued. See South Carolina Code 34-29-10
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Misdemeanor: Usually a petty offense, a less serious crime than a felony, punishable by less than a year of confinement.
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Oath: A promise to tell the truth.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Office: means the Division of Public Safety Programs, Office of the Governor. See South Carolina Code 23-4-20
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • Person: shall mean an individual, partnership, association, corporation and all other legal and commercial entities. See South Carolina Code 34-29-10
  • Personal property: All property that is not real property.
  • Power of attorney: A written instrument which authorizes one person to act as another's agent or attorney. The power of attorney may be for a definite, specific act, or it may be general in nature. The terms of the written power of attorney may specify when it will expire. If not, the power of attorney usually expires when the person granting it dies. Source: OCC
  • Precedent: A court decision in an earlier case with facts and law similar to a dispute currently before a court. Precedent will ordinarily govern the decision of a later similar case, unless a party can show that it was wrongly decided or that it differed in some significant way.
  • Probable cause: A reasonable ground for belief that the offender violated a specific law.
  • Probation: A sentencing alternative to imprisonment in which the court releases convicted defendants under supervision as long as certain conditions are observed.
  • Public law: A public bill or joint resolution that has passed both chambers and been enacted into law. Public laws have general applicability nationwide.
  • Quorum: The number of legislators that must be present to do business.
  • Statute: A law passed by a legislature.
  • Transcript: A written, word-for-word record of what was said, either in a proceeding such as a trial or during some other conversation, as in a transcript of a hearing or oral deposition.
  • Trial: A hearing that takes place when the defendant pleads "not guilty" and witnesses are required to come to court to give evidence.
  • Usury: Charging an illegally high interest rate on a loan. Source: OCC