Mortgage Payments

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Plain-English Summary

Amend The South Carolina Code Of Laws By Adding Section 29-1-70 So As To Provide A Mandatory Minimum Grace Period Of Twenty Days For A Mortgage Payment, To Define The Term "grace Period," And To Provide That This Section Does Not Apply To A Simple Interest Or Other Mortgage In Which Interest Accrues Daily.

Source: OpenStates · fetched January 28, 2025

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