§ 37-2-307. Motor vehicle sales contracts closing fees.
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§ 37-2-307. Motor vehicle sales contracts closing fees.
(A)As used in this section:
(1)A closing fee is defined as a fee for recovery of a motor vehicle dealer's actual costs for all administrative and financial work needed to transfer and deliver the motor vehicle to the consumer including, but not limited to, compliance with all state, federal, and lender requirements, preparation and retrieval of documents, protection of the private personal information of the consumer, records retention, and storage costs.
(2)"Department" means the South Carolina Department of Consumer Affairs.
(3)"Dealer" means a "motor vehicle dealer" as defined in