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STATE OF SOUTH CAROLINA DEPARTMENT OF CONSUMER AFFAIRS INITIAL MAXIMUM RATE FILING SCHEDULE CONSUMER LOANS S.C. Code Ann. 373305 (Supp. 2009) www.consumer.sc.gov 8037344238/8009221594 Mailing Address.

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The general usury limit is 12%, or four points above the average T-Bill rate for the past 26 weeks, whichever is greater.

A usury interest rate is an interest rate deemed to be illegally high. To discourage predatory lending and promote economic activity, states may enact laws that set a ceiling on the interest rate that can be charged for certain types of debt. Interest rates above this ceiling are considered usury and are illegal.

In most cases, the best way to avoid getting into financial trouble with a high interest rate is to avoid credit card debt entirely....Interest Rates Laws in South Carolina. Code SectionSouth Carolina Code of Laws 34-31-20: Legal Rate of InterestLegal Maximum Rate of Interest8.75% (§34-31-20)3 more rows

Therefore, for the period January 15, 2022, through January 14, 2023, the legal rate of interest for money decrees and judgments is 7.25% compounded annually. s/Donald W.

A Maximum Rate Schedule must also be posted in the creditor's place of business. The filing fee is $40 per location.

Therefore, for the period January 15, 2023, through January 14, 2024, the legal rate of interest for money decrees and judgments is 11.50% compounded annually.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232