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South Carolina · Through 2025 Session of the General Assembly

S.C. Code Ann. § 37-3-406: Notice of assignment.

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Where this section sits in the code
  1. Title 37 - CONSUMER PROTECTION CODE
  2. CHAPTER 3 Loans
  3. Part 4 Limitation on Agreements

The debtor is authorized to pay the original lender until he receives notification of assignment of rights to payment pursuant to a consumer loan and that payment is to be made to the assignee. A notification which does not reasonably identify the rights assigned is ineffective. If requested by the debtor, the assignee must seasonably furnish reasonable proof that the assignment has been made and unless he does so the debtor may pay the original lender.

Collected 2026-09-02T07:09:19Z. Source file · JSON

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