{"data":{"id":"us-sc/s.c.-code-ann.-37-5-109","jurisdiction":"us-sc","citation":"S.C. Code Ann. § 37-5-109","heading":"Default.","body":"An agreement of the parties to a consumer credit transaction with respect to default on the part of the consumer is enforceable only to the extent that:\n(1) the consumer fails to make a payment as required by agreement; provided, with respect to a consumer rental-purchase agreement, a lessee defaults when he fails to renew an agreement and fails to return the rented property or make arrangements for its return as provided for by the agreement; or\n(2) the prospect of payment, performance, or realization of collateral is significantly impaired; the burden of establishing the prospect of significant impairment is on the creditor.","path":["Title 37 - CONSUMER PROTECTION CODE","CHAPTER 5 Remedies and Penalties","Part 1 Limitations on Creditors' Remedies"],"source_url":"https://www.scstatehouse.gov/code/t37c005.php","current_through":"2025 Session of the General Assembly","vintage":"","retrieved_at":"2026-09-02T07:09:29Z","sha256":"3671a4ab91283641d473a64dd8b1849639b1b43c686733f3c08b7f2c0bb34baf","source_id":"us-sc","stale":false,"prev":"us-sc/s.c.-code-ann.-37-5-108","next":"us-sc/s.c.-code-ann.-37-5-110"},"notice":"GroundRules: Original legal text. Not legal advice."}