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South Carolina · Through 2025 Session of the General Assembly

S.C. Code Ann. § 34-30-1240: Condition of loan on specific contracts prohibited.

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Where this section sits in the code
  1. Title 34 - BANKING, FINANCIAL INSTITUTIONS AND MONEY
  2. CHAPTER 30 State Savings Bank
  3. ARTICLE 7 Loans and Investments

A state savings bank or service corporation shall not require, as a condition of making a loan, that the borrower contract with any specific person or organization for particular services, except as otherwise permitted to national banking associations.

Collected 2026-09-02T07:06:44Z. Source file · JSON

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