{"data":{"id":"us-sc/s.c.-code-ann.-34-26-880","jurisdiction":"us-sc","citation":"S.C. Code Ann. § 34-26-880","heading":"Credit union participation in federal or state loan programs; other powers.","body":"(1) A credit union may participate in any guaranteed loan program of the federal or state government under the terms and conditions specified in the law under which such a program is provided.\n(2) A credit union may purchase conditional sales contracts, notes, and similar instruments of its members.\n(3) A credit union may finance for any person by way of installment sales contract the sale of the credit union's property, including property obtained as a result of defaults in obligations owed to it.\n(4) A credit union may engage in the leasing of personal property to its members.","path":["Title 34 - BANKING, FINANCIAL INSTITUTIONS AND MONEY","CHAPTER 26 South Carolina Credit Union Act","ARTICLE 8 Loans"],"source_url":"https://www.scstatehouse.gov/code/t34c026.php","current_through":"2025 Session of the General Assembly","vintage":"","retrieved_at":"2026-09-02T07:06:24Z","sha256":"370bd48a76c1ce56212eefbebb883e7dc82c19f98b18cd046ffab5ed121b3108","source_id":"us-sc","stale":false,"prev":"us-sc/s.c.-code-ann.-34-26-870","next":"us-sc/s.c.-code-ann.-34-26-890"},"notice":"GroundRules: Original legal text. Not legal advice."}