S.C. Code Ann. § 36-9-201
Except as otherwise provided by this title a security agreement is effective according to its terms between the parties, against purchasers of the collateral and against creditors. Nothing in this chapter validates any charge or practice illegal under any statute or regulation under the statute governing usury, small loans, retail installment sales, or the like, or extends the application of any statute or regulation to any transaction not otherwise subject to the statute or regulation.