The South Carolina 365 Day Benchmark Notice is an important document in the state of South Carolina that provides notice to certain parties of a potential foreclosure. The notice is sent by a mortgage lender, bank, or other financial institution to a borrower who is delinquent on their loan payments. The notice serves as a warning to the borrower that they have 365 days to cure their default or face potential foreclosure proceedings. There are two types of South Carolina 365 Day Benchmark Notice: the Notice of Intent to Foreclose and the Notice of Acceleration. The Notice of Intent to Foreclose provides notice to the borrower that they have 365 days to cure their default or face potential foreclosure proceedings. The Notice of Acceleration provides notice to the borrower that the mortgage loan is immediately due and payable and that foreclosure proceedings may begin if the default is not cured within 365 days.