South Carolina § 40-39-110 - Vesting of title to pledged property.
Full text of South Carolina South Carolina Code of Laws § 40-39-110 — Vesting of title to pledged property., with citation guidance and answers to common questions.
§ 40-39-110. Vesting of title to pledged property.
If any loan remains unpaid for a period of sixty days from the due date or any renewal or extension thereof, the title of the borrower or pledgor to the property pledged to secure the loan shall vest in the pawnbroker, without advertising, sale, or accountability to the pledgor, if the pawn ticket or memorandum delivered to the borrower in accordance with Section 40-39-80, contains on the back thereof a notice to that effect, and if a printed or written notice of the impending forfeiture is mailed to the pledgor at the address given on the pawn ticket, at least ten days prior to the forfeiture date. This notice must contain a description of the article pledged, and the amount due thereon as of the date of the notice. No notice is required on loans of fifty dollars or less.
HISTORY: 1988 Act No. 491, SECTION 2.
Editor's Note
Prior Laws:1900 (23) 427; Civ. C. '02 SECTION 1755; Civ. C. '12 SECTION 2631; Civ. C. '22 SECTION 3952; 1932 Code SECTION 7136; 1942 Code SECTION 7136; 1952 Code SECTION 56-1161; 1962 Code SECTION 56-1161; 1962 (52) 1959.
Source: official South Carolina text · Last verified 2026-08-27
Frequently Asked Questions About South Carolina § 40-39-110
What does South Carolina Code of Laws § 40-39-110 cover?
Section 40-39-110 ("Vesting of title to pledged property.") 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 § 40-39-110?
A common citation format is "South Carolina Code of Laws § 40-39-110" (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 § 40-39-110 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.