{"data":{"id":"us-sc/s.c.-code-ann.-37-3-108","jurisdiction":"us-sc","citation":"S.C. Code Ann. § 37-3-108","heading":"\"Revolving loan account\" defined.","body":"\"Revolving loan account\" means an arrangement between a lender and a debtor pursuant to which:\n(1) the lender may permit the debtor to obtain loans from time to time;\n(2) the unpaid balances of principal and the loan finance and other appropriate charges are debited to an account;\n(3) a loan finance charge if made is not precomputed but is computed on the outstanding unpaid balances of the debtor's account from time to time; and\n(4) the debtor has the privilege of paying the balances in installments.","path":["Title 37 - CONSUMER PROTECTION CODE","CHAPTER 3 Loans","Part 1 General Provisions"],"source_url":"https://www.scstatehouse.gov/code/t37c003.php","current_through":"2025 Session of the General Assembly","vintage":"","retrieved_at":"2026-09-02T07:09:19Z","sha256":"a1fb73b0cd925764aeb4cb1be3e35350b5791e6b04b1ad380cf9cc1ec0436688","source_id":"us-sc","stale":false,"prev":"us-sc/s.c.-code-ann.-37-3-107","next":"us-sc/s.c.-code-ann.-37-3-109"},"notice":"GroundRules: Original legal text. Not legal advice."}