South Carolina § 37-3-409 - Use of multiple agreements.
Full text of South Carolina South Carolina Code of Laws § 37-3-409 — Use of multiple agreements., with citation guidance and answers to common questions.
§ 37-3-409. Use of multiple agreements.
A lender may not use multiple agreements with intent to avoid disclosure of an annual percentage rate pursuant to the provisions on disclosure and advertising (Part 3). The excess amount of loan finance charge provided for in agreements in violation of this section is an excess charge for the purposes of the provisions on the effect of violations on rights of parties (Section 37-5-202) and the provisions on civil actions by administrator (Section 37-6-113).
HISTORY: 1962 Code SECTION 8-800.279; 1974 (58) 2879.
Source: official South Carolina text · Last verified 2026-08-27
Frequently Asked Questions About South Carolina § 37-3-409
What does South Carolina Code of Laws § 37-3-409 cover?
Section 37-3-409 ("Use of multiple agreements.") 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 § 37-3-409?
A common citation format is "South Carolina Code of Laws § 37-3-409" (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 § 37-3-409 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.