{"data":{"id":"us-sc/s.c.-code-ann.-39-5-860","jurisdiction":"us-sc","citation":"S.C. Code Ann. § 39-5-860","heading":"Earned wage access services; compliance with article.","body":"The following shall apply in connection with the earned wage access services offered and provided by a provider in compliance with the provisions of this article:\n(A) Proceeds provided to a consumer by the provider shall not be considered a consumer loan for purposes of Section 37-3-104 or a loan for purposes of Section 37-3-106.\n(B) The provider shall not be considered a lender for purposes of Section 37-3-107(1), unless the provider is conducting business pursuant to Chapter 3, Title 37.\n(C) Fees, voluntary tips, gratuities, or other donations paid by a consumer to a provider shall not be considered a loan finance charge for purposes of Section 37-3-109.\n(D) The provider shall not be considered to be engaged in the business of money transmission for purposes of Section 35-11-200.\n(E) Earned wage access services shall not be considered wage assignment for the purposes of Section 37-3-403.\n(F) The provider shall not be considered a deferred presentment provider for purposes of Section 34-39-130 unless the provider is conducting business pursuant to Chapter 39, Title 34.","path":["Title 39 - TRADE AND COMMERCE","CHAPTER 5 Unfair Trade Practices","ARTICLE 8 South Carolina Earned Wage Access Services Act"],"source_url":"https://www.scstatehouse.gov/code/t39c005.php","current_through":"2025 Session of the General Assembly","vintage":"","retrieved_at":"2026-09-02T07:16:34Z","sha256":"d9e3e8f4cb13416033a4460ebef3caa96aeb59d1207f7880fe6b27668f950024","source_id":"us-sc","stale":false,"prev":"us-sc/s.c.-code-ann.-39-5-850","next":"us-sc/s.c.-code-ann.-39-5-870"},"notice":"GroundRules: Original legal text. Not legal advice."}