Mortgage Servicing and Loan Modifications: SOUTH CAROLINA
S.C. Code Ann. §§ 29-3-310, 29-3-320
Requirements: Upon full payment and delivery of request, holder is within three months to provide mortgagor proof of satisfaction or is to record release with option of charging mortgagor up to $25 recording fee. Liability for noncompliance: damages of the lesser of one half of the debt amount or $25,000, actual damages, costs, and attorney fees. Successful suit also will result in court order to have satisfaction entered by court officer.