S.C. Code Ann. § 31-19-30: Laws requiring security not applicable to loans or investments made pursuant to SECTIONSECTION 31-19-10 or 31-19-20.

No law of this State

(a) requiring security upon which loans or investments may be made, (b) prescribing the nature, amount or form of such security, (c) prescribing or limiting interest rates upon loans or investments or (d) prescribing or limiting the period for which loans or investments may be made shall be deemed to apply to loans or investments made pursuant to SECTIONS 31-19-10 or 31-19-20.