SC · SERVICE-AGMT · Updated July 2026 · Free
South Carolina Service Agreement
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South Carolina at a glance: Default Interest: 6% per year (S.C. Code § 34-31-20) · Governing Law: South Carolina Code Title 34
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Overview
Service Agreements in South Carolina
South Carolina service agreements are governed by Title 34 of the South Carolina Code. Late fees must comply with the 6% statutory cap unless written (S.C. Code § 34-31-20).
Key Facts
South Carolina Service Agreement — Quick Reference
| Requirement | South Carolina Rule |
|---|---|
| Default Interest | 6% per year (S.C. Code § 34-31-20) |
| Governing Law | South Carolina Code Title 34 |
Legal Requirements
South Carolina Legal Requirements
- Late fees exceeding 6% per year must be in writing to be enforceable.
Governing Laws
South Carolina Governing Laws
Read the full text of these laws at Cornell Law School's South Carolina legal resources or your state legislature's official website.
Questions & Answers
South Carolina Service Agreement — Frequently Asked Questions
What is the default contract interest rate in South Carolina?
The default rate is 6% per annum.