South Carolina Contract for the Sale of Commercial Property - Owner Financed with Provisions for Note and Purchase Money Mortgage and Security Agreement

State:
Multi-State
Control #:
US-01325BG
Format:
Word; 
Rich Text
Instant download

Description

This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.

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  • Preview Contract for the Sale of Commercial Property - Owner Financed with Provisions for Note and Purchase Money Mortgage and Security Agreement
  • Preview Contract for the Sale of Commercial Property - Owner Financed with Provisions for Note and Purchase Money Mortgage and Security Agreement
  • Preview Contract for the Sale of Commercial Property - Owner Financed with Provisions for Note and Purchase Money Mortgage and Security Agreement
  • Preview Contract for the Sale of Commercial Property - Owner Financed with Provisions for Note and Purchase Money Mortgage and Security Agreement
  • Preview Contract for the Sale of Commercial Property - Owner Financed with Provisions for Note and Purchase Money Mortgage and Security Agreement

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FAQ

SECTION 37-3-104. "Consumer loan" defined. (d) either the principal does not exceed twenty-five thousand dollars or the debt is secured by an interest in land.

Code is amended to read: Section 37-2-307. (A) As used in this section: (1) Every motor vehicle dealer charging closing fees on a motor vehicle sales contract shall pay a one-time registration fee of ten dollars during each state fiscal year before January thirty-first to the Department of Consumer Affairs.

SECTION 40-57-20. Valid licensure requirement for real estate brokers, salesmen and property managers. It is unlawful for an individual to act as a real estate broker, real estate salesman, or real estate property manager or to advertise as such without a valid license issued by the department.

Debt Collection Laws in South Carolina Residents of South Carolina fall under the Federal Debt Collections Protection Act, which prohibits collection agencies from harassing borrowers or using unfair or misleading tactics to collect debts.

SECTION 37-2-104. "Consumer credit sale" defined. (e) with respect to a sale of goods or services, the amount financed does not exceed twenty-five thousand dollars. (b) a sale of an interest in land if the debt is secured by a first lien or equivalent security interest in real estate.

37-23-80: Prohibits prepayment penalties for loans less than $150,000.

SECTION 37-3-104. "Consumer loan" defined. (d) either the principal does not exceed twenty-five thousand dollars or the debt is secured by an interest in land.

Any kind of service or product that was sold to you at your home by someone coming to your door and selling it to you is subject to your right to cancel the purchase. You're entitled to a full refund if you notify the seller that you are cancelling the sale within three business days.

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South Carolina Contract for the Sale of Commercial Property - Owner Financed with Provisions for Note and Purchase Money Mortgage and Security Agreement