{"data":{"id":"us-sc/s.c.-code-ann.-56-19-720","jurisdiction":"us-sc","citation":"S.C. Code Ann. § 56-19-720","heading":"Sale or security interest not created by terminal rental adjustment clause in motor vehicle or trailer lease.","body":"Notwithstanding another provision of law, a transaction involving a motor vehicle or trailer does not create a sale or security interest merely because the agreement contains a terminal rental adjustment clause which provides that the rental price may be or must be adjusted either upward or downward by reference to the amount realized upon sale or other disposition of the motor vehicle or trailer.","path":["Title 56 - MOTOR VEHICLES","CHAPTER 19 Protection of Titles to and Interests in Motor Vehicles","ARTICLE 5 Secured Interests and Other Liens"],"source_url":"https://www.scstatehouse.gov/code/t56c019.php","current_through":"2025 Session of the General Assembly","vintage":"","retrieved_at":"2026-09-02T07:53:19Z","sha256":"febc1f2aebaaf5aa01876cafbb13ec5e5560e9d4b9ee3bf02f44b3aac5dd004e","source_id":"us-sc","stale":false,"prev":"us-sc/s.c.-code-ann.-56-19-710","next":"us-sc/s.c.-code-ann.-56-19-810"},"notice":"GroundRules: Original legal text. Not legal advice."}