South Carolina Code > Title 40 > Chapter 24 – Eye Care Consumer Protection
Current as of: 2021 |
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§ 40-24-10 | Definitions |
§ 40-24-20 | Valid prescription required to dispense spectacles or contact lenses; penalties |
Terms Used In South Carolina Code > Title 40 > Chapter 24 - Eye Care Consumer Protection
- Contract: A legal written agreement that becomes binding when signed.
- 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
- Lien: A claim against real or personal property in satisfaction of a debt.
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
- Truth in Lending Act: The Truth in Lending Act is a federal law that requires lenders to provide standardized information so that borrowers can compare loan terms. In general, lenders must provide information on Source: OCC