Section 15-17-39 - Evidence of debt for attorneys' fees upon default or foreclosure against public policy--Exception

15-17-39. Evidence of debt for attorneys' fees upon default or foreclosure against public policy--Exception.Any provision contained in any note, bond, mortgage, or other evidence of debt that provides for payment of attorneys' fees in case of default of payment or foreclosure is against public policy and void, except as authorized by specific statute. Source: SL 1992, ch 148, §4; SL 1993, ch 165.