I've reviewed the def. of the credit service charge under the Credit section, Chapter 2... We are looking into charging a similar fee that we charge on our regular consumer loans (a maintenance fee, which is applied each month the loan is open). We want to charge this on the credit sales that we do in South Carolina. Would this fee fit into the Minimum Credit Service Charge section on the contract?
Where can I look in the state law to see if this is allowed?
Any help with this would be appreciated.