Ditch the Pitch
Department staff is available to assist with any questions at (800) 922-1594 (toll free in SC) or 803-734-4200 8:30 a.m. until 5 p.m. Monday through Friday, excluding State holidays. You can also email general questions to firstname.lastname@example.org.
This page is dedicated to various regulatory filings and information that applies to motor vehicle dealers operating in this state.
These are three filings that might apply to a motor vehicle dealer. For more detailed information about these filings and whether or not they apply to a dealer, please refer to the Filing Instructions.
Credit Grantor Notification - Dealers who make consumer credit sales, leases and persons who take assignments of rights against debtors arising from such transactions are required to file a notification form and pay a notification fee to the S.C. Department of Consumer Affairs for each location at which such transactions are made. The notification fee is $120.00 per location.
Maximum Rate Schedule - Dealers who wish to charge an Annual Percentage Rate (APR) in excess of 18% must file a Maximum Rate Schedule (MRS) with the Department. Dealers are required to file an MRS for:
(1) financing that is offered at your place of business,
(2) all paper work related to the sale is completed in your office at the time the sale takes place and the contract is assigned to another business, and
(3) the sale is offered on credit but the credit price differs from the cash price because of a finance charge.
A Maximum Rate Schedule must also be posted in the creditor's place of business. The filing fee is $40 per location.
Prior to charging a closing fee (sometimes referred to by other terms such as doc fee, doc prep fee, administrative fee, processing fee), a motor vehicle dealer must provide written notice to the Department of the maximum amount of a closing fee the dealer intends to charge. If the dealer intends to charge more than $225, additional documents and information must be filed. The filing fee is $25.
Credit Grantor Notification: S.C. Code Ann. § 37-6-201 to -203
Dealer Closing Fees: S.C. Code Ann. § 37-2-307 **amended 5/16/2023**
Notice of Closing Fee Form (PDF) **Updated June 2023**
Notice of Closing Fee Addendum (PDF) **Updated June 2023**
Closing Fee Statute Update June 29, 2023 (YouTube)
For a list of motor vehicle dealer maximum rate schedules and closing fees, please see our Licensee Lookup page.
For business education and other resources, please see our Business Education & Tools page.