Navigation

pay day loan letter

Message Author
PostPosted: Fri Nov 09, 2007 8:08 am

I need a copy of the payday loan letter that i should submit to my lenders. I'm in South Carolina. And could someone post the SC laws.
semekiam



Leave a quick message for semekiam
Joined: 09 Nov 2007
Posts: 1
Debtcc Points: 32

PostPosted: Fri Nov 09, 2007 2:06 pm

Quote:
South Carolina State Information

Legal Status: Legal

Citation:
S.C. Stat. Ann. 34-39-110 et seq.

Loan Terms:
Maximum Loan Amount: $300
Loan Term: Max: 31 days
Maximum Finance Rate and Fees: 15%
Finance Charge for 14-day $100 loan: $15
APR for 14-day $100 loan: 390%

Debt Limits:
Maximum Number of Outstanding Loans at One Time: Not Specified
Rollovers Permitted: None
Cooling-off Period:
Repayment Plan:

Collection Limits:
Collection Fees: Lesser of: NSF fee of $10 or actual charge
Criminal Action: Prohibited

Where to Complain, Get Information:
Regulator: South Carolina State Board of Financial Institutions
Address: Consumer Finance Division, P.O. Box 11905 Columbia SC 29211
Phone: (803) 734-2020
Fax: (803) 734-2025
Regulatory Contact: C. Dean Bratton,, Commissioner of Consumer Finance
http://www.scconsumer.gov/

cannr
Moderator
cannr
Moderator

Joined: 07 Jun 2007
Posts: 9376
Debtcc Points: 124824

Quick Reply
Your Name
Subject
Message body
All times are GMT - 7 Hours
Page 1 of 1

 
About Us | Contact Us | Privacy Policy | Testimonials | Sitemap | Espanol | Media Kit | Terms of Services Navigation
Hacker Safe   Member of IAPDA   DnB Listed