Loans established by author- ized individuals or institutions for those who cannot buy property with their own funds.
The Consumer Finance Division (CFD) licenses and regulates the business activities of all companies, excluding depository institutions or insurance companies, that make consumer loans which have annual percentage rates exceeding 12% and are not secured by real property or a residential dwelling.
Entities that are involved solely in retail sales agreement transactions are not required to be licensed by the CFD.
Licenses are issued and regulated pursuant to The South Carolina Consumer Protection Code, Title 37, and, in some instances, The Consumer Finance Act, Title 34 Chapter 29.
Please click below to access the current list of licensees.
Deferred Presentment Licensees
Notes from the Chairman's Desk (Curtis M. Loftis, Jr.)
Report State Agency Fraud (Office of the Inspector General)