{"data":{"id":"us-sc/s.c.-code-ann.-37-3-510","jurisdiction":"us-sc","citation":"S.C. Code Ann. § 37-3-510","heading":"Restrictions on interest in land as security.","body":"(1) With respect to a supervised loan in which the principal is one thousand dollars or less, a lender may not contract for an interest in land as security. A security interest taken in violation of this section is void.\n(2) An open-end credit agreement under which the credit limit is a minimum of five thousand dollars is exempt from this section even though one or more advances made pursuant to the agreement are less than one thousand dollars.","path":["Title 37 - CONSUMER PROTECTION CODE","CHAPTER 3 Loans","Part 5 Supervised Loans"],"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":"67eb2e7635472cc0a5eb90a6eb032b3f301ff441347ab815ddf6b3dce23fc077","source_id":"us-sc","stale":false,"prev":"us-sc/s.c.-code-ann.-37-3-509","next":"us-sc/s.c.-code-ann.-37-3-511"},"notice":"GroundRules: Original legal text. Not legal advice."}