South Carolina § 37-2-108 - "Revolving charge account" defined.
Full text of South Carolina South Carolina Code of Laws § 37-2-108 — "Revolving charge account" defined., with citation guidance and answers to common questions.
§ 37-2-108. "Revolving charge account" defined.
"Revolving charge account" means an arrangement between a seller and a buyer pursuant to which:
(1) the seller may permit the buyer to purchase goods or services on credit either from the seller or pursuant to a seller credit card;
(2) the unpaid balances of amounts financed arising from purchases and the credit service and other appropriate charges are debited to an account;
(3) a credit service charge if made is not precomputed but is computed on the outstanding unpaid balances of the buyer's account from time to time; and
(4) the buyer has the privilege of paying the balances in installments.
HISTORY: 1962 Code SECTION 8-800.148; 1974 (58) 2879.
Source: official South Carolina text · Last verified 2026-08-27
Frequently Asked Questions About South Carolina § 37-2-108
What does South Carolina Code of Laws § 37-2-108 cover?
Section 37-2-108 (""Revolving charge account" defined.") is part of the South Carolina Code of Laws, the codified statutory law of South Carolina. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite South Carolina § 37-2-108?
A common citation format is "South Carolina Code of Laws § 37-2-108" (South Carolina). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of South Carolina law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the South Carolina official source linked on this page or consult a licensed South Carolina attorney.
How does South Carolina § 37-2-108 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in South Carolina can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in South Carolina.