South Carolina Schedule of Fees and Charges
SCHEDULE OF LOAN FEES AND CHARGES
TitleMax Online of South Carolina, Inc.
Effective August 2019
TitleMax Online of South Carolina Inc. is a Supervised Lender licensed under South Carolina law. Loans made by TitleMax are supervised loans authorized by the South Carolina Consumer Protection Code, § 37-3-501 et seq. This Loan is not a deferred presentment services transaction under the South Carolina Deferred Presentment Services Act § 34-39-110 et seq.
The complete schedule of fees and charges for our unsecured installment loan product is set forth below
|12-Payment Installment Loan|
|Loan Proceeds||Finance Charge||Payment Schedule* 12 payments of:||Total of Payments||Annual Percentage Rate (APR)|
- All loan examples above assume a 28-day payment schedule with 12 payments. The final scheduled payment amount typically differs from the standard payment amount. All Payment Schedules and APRs are examples only; actual payment amounts and APRs may vary depending on the month and date of loan origination.
Available Loan Amounts: $610.00 for first time customers; returning customers with a good payment history may be eligible for loans up to $1,000.00
Loan Term: 12 payments
Interest: Simple interest of 390.00% per annum. Interest will continue to accrue on past due principal amounts until paid in full in accordance with South Carolina law.
Prepayment: There is no prepayment penalty.
Dishonored Payment Service Charge: As authorized by South Carolina Code of Laws § 34-11-70(a), Lender may impose a dishonored payment service charge in the amount of $30.00 for (i) any payment made by check, draft, or other written order that is returned or refused for processing, and (ii) any payment made electronically that is not honored or cannot be processed for any reason, including insufficient funds.
Delinquency Charge: 5% of the unpaid amount of any installment not paid by the end of the 10th day after the Payment Due Date for such installment or $18.50, whichever amount is less.
LICENSES AND REGULATORY INFORMATION
South Carolina State Board of Financial Institutions
Consumer Finance Division
3rd Floor, Edgar Brown Building
1205 Pendleton Street, Suite 306
Columbia, SC 29201
General e-mail: email@example.com