Certain discounts are not considered as money borrowed.

  1. Law
  2. South Carolina Code of Laws
  3. Banking, Financial Institutions and Money
  4. Bank Loans And Investments
  5. Certain discounts are not considered as money borrowed.

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The discount of bills of exchange drawn in good faith against existing values and the discount of commercial business paper shall not be considered as money borrowed.

HISTORY: 1962 Code Section 8-231; 1952 Code Section 8-231; 1942 Code Section 7858; 1932 Code Section 7872; Civ. C. '22 Section 4000; Civ. C. '12 Section 2662; Civ. C. '02 Section 1777; R. S. 1540; 1885 (19) 212; 1897 (22) 463; 1914 (28) 487; 1918 (30) 880; 1923 (33) 161.


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