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Maximum Interest Rates in South Carolina If you impose a finance charge in excess of 18% on consumer credit and have not filed this form and posted your maximum interest rates in your place of business,
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What is maximum interest rates?
Maximum interest rates refer to the highest allowable interest rate that a lender can charge on a loan.
Who is required to file maximum interest rates?
Lenders or financial institutions are required to file maximum interest rates.
How to fill out maximum interest rates?
Maximum interest rates can be filled out by using the appropriate forms provided by the regulatory agency.
What is the purpose of maximum interest rates?
The purpose of maximum interest rates is to protect borrowers from excessive interest charges.
What information must be reported on maximum interest rates?
Information such as the interest rate charged, loan amount, and borrower's details must be reported on maximum interest rates.
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