Below you will find important information on South Carolina state debt recovery laws including: South Carolina Statutes, Judgments, Garnishments, Interest Rates, and Bad Check Laws.
STATE: SOUTH CAROLINA
- Legal: 8.75%
- Judgment: 12.25% (Rate changes every year on January 15th. Wall Street Journal Prime plus 4%)
STATUTE OF LIMITATIONS (IN YEARS)
- Open Account: 3
- Sale of Goods (UCC): 6
- Written Contract: 3
- Domestic Judgment: 10
- Foreign Judgment: 10
- Written Contract under Seal: 20
BAD CHECK LAWS (CIVIL PENALTY)
Reasonable court costs, amount of check & damages up to $500 or 3 x check amount, whichever is greater.
GENERAL GARNISHMENT EXEMPTIONS
100% – Garnishment not available in SC.