The Consumer Protection Code Revision Act of 1982 requires that all creditors who wish to charge an Annual Percentage Rate (APR) in excess of 18% must file a Maximum Rate Schedule (MRS) with the S.C. Department of Consumer Affairs. A Maximum Rate Schedule must also be posted in the creditor's place of business. The filing fee is $40.00.

• Credit Sales
  • S.C. Code Ann. § 37-2-305 (et seq.) 
  • Maximum Rate Schedule Form - Initial (PDF) (Word)
  • Maximum Rate Schedule Form - Renewal (PDF) (Word)
• Consumer Loans
  • S.C. Code Ann. § 37-3-305 (et seq.)
  • Maximum Rate Schedule Form - Initial (PDF) (Word)
  • Maximum Rate Schedule Form - Renewal (PDF) (Word)
• Credit Card Disclosure Requirements
  • S.C. Code Ann. § 37-3-306
  • Credit Card Disclosure Form - Initial (PDF) (Word)
  • Credit Card Disclosure Form - Renewal (PDF) (Word)
• Consumer Grantor Notification
• Online Filing
• Additional Information
  • Consumer Credit Sales - Maximum Rate - Consumer Grantor Notification Flyer - February 2006 (PDF)
  • Maximum Interest Rates & Motor Vehicle Closing Fees by Company (PDF)
  • Maximum Rate Schedule Poster (PDF)

For more information contact the Department of Consumer Affairs at:
Accounting Division
3600 Forest Drive, 3rd Floor
P.O. Box 5246
Columbia, SC 29250-5246
Phone: (803) 734-4253