§ 37-3-407

S.C. Code Ann. § 37-3-407

Authorization to confess judgment prohibited

1962 Code SECTION 8-800.277; 1974 (58) 2879.

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A debtor may not authorize any person to confess judgment on a claim arising out of a consumer loan. An authorization in violation of this section is void.

HISTORY: 1962 Code SECTION 8-800.277; 1974 (58) 2879.