South Carolina § 40-39-40 - Unauthorized fees prohibited; violative pawn transaction ramifications.
Full text of South Carolina South Carolina Code of Laws § 40-39-40 — Unauthorized fees prohibited; violative pawn transaction ramifications., with citation guidance and answers to common questions.
§ 40-39-40. Unauthorized fees prohibited; violative pawn transaction ramifications.
(A) No pawnbroker may charge or collect any fees, costs, or assessments of any kind or nature other than those specifically allowed under this chapter.
(B) A person who makes a pawn transaction in violation of this chapter:
(1) may not collect, receive, or retain any interest or charges on the loan in violation of this chapter; and
(2) has no right to possess the pledged goods.
HISTORY: 1988 Act No. 491, SECTION 2; 2016 Act No. 262 (H.4090), SECTION 7, eff June 9, 2016.
Effect of Amendment
2016 Act No. 262, SECTION 7, inserted paragraph designator (A), and added (B), relating to violative pawn transaction ramifications.
Source: official South Carolina text · Last verified 2026-08-27
Frequently Asked Questions About South Carolina § 40-39-40
What does South Carolina Code of Laws § 40-39-40 cover?
Section 40-39-40 ("Unauthorized fees prohibited; violative pawn transaction ramifications.") 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 § 40-39-40?
A common citation format is "South Carolina Code of Laws § 40-39-40" (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 § 40-39-40 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.