{"data":{"id":"us-sc/s.c.-code-ann.-37-2-108","jurisdiction":"us-sc","citation":"S.C. Code Ann. § 37-2-108","heading":"\"Revolving charge account\" defined.","body":"\"Revolving charge account\" means an arrangement between a seller and a buyer pursuant to which:\n(1) the seller may permit the buyer to purchase goods or services on credit either from the seller or pursuant to a seller credit card;\n(2) the unpaid balances of amounts financed arising from purchases and the credit service and other appropriate charges are debited to an account;\n(3) a credit service charge if made is not precomputed but is computed on the outstanding unpaid balances of the buyer's account from time to time; and\n(4) the buyer has the privilege of paying the balances in installments.","path":["Title 37 - CONSUMER PROTECTION CODE","CHAPTER 2 Credit Sales","Part 1 General Provisions"],"source_url":"https://www.scstatehouse.gov/code/t37c002.php","current_through":"2025 Session of the General Assembly","vintage":"","retrieved_at":"2026-09-02T07:09:14Z","sha256":"88c7d7be447e52dee9b9e8bff36949dfc646933d9f900d58945872951c9d29b2","source_id":"us-sc","stale":false,"prev":"us-sc/s.c.-code-ann.-37-2-107","next":"us-sc/s.c.-code-ann.-37-2-109"},"notice":"GroundRules: Original legal text. Not legal advice."}