South Carolina § 37-3-104 - "Consumer loan" defined.
Full text of South Carolina South Carolina Code of Laws § 37-3-104 — "Consumer loan" defined., with citation guidance and answers to common questions.
§ 37-3-104. "Consumer loan" defined.
Except as provided in Section 37-3-105, "consumer loan" is a loan made by a person regularly engaged in the business of making loans in which:
(a) the debtor is a person other than an organization;
(b) the debt is incurred primarily for a personal, family, or household purpose;
(c) either the debt is payable in installments or a loan finance charge is made; and
(d) either the principal does not exceed twenty-five thousand dollars or the debt is secured by an interest in land.
HISTORY: 1962 Code SECTION 8-800.234; 1974 (58) 2879; 1976 Act No. 686 SECTION 63; 1982 Act No. 385, SECTION 25; 1991 Act No. 142, SECTION 8.
Source: official South Carolina text · Last verified 2026-08-27
Frequently Asked Questions About South Carolina § 37-3-104
What does South Carolina Code of Laws § 37-3-104 cover?
Section 37-3-104 (""Consumer loan" 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 § 37-3-104?
A common citation format is "South Carolina Code of Laws § 37-3-104" (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 § 37-3-104 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.