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.
South Carolina Legal Code
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.