What does the SC Predatory Lending Law fall under?

The South Carolina Predatory Lending Law is situated under the High Cost and Consumer Home Loan Act. This law was specifically established to counteract predatory lending practices by ensuring that loans falling into certain high-cost categories meet specific regulatory requirements. The focus is on loans that possess characteristics often associated with harmful lending practices, such as excessive fees and unfavorable terms. By categorizing the law in this way, it emphasizes the state's commitment to protecting consumers from exploitation in the lending market.

The other laws listed pertain to different aspects of mortgage regulations and consumer protection. For instance, the Community Reinvestment Act focuses on encouraging financial institutions to meet the credit needs of all communities, including low- and moderate-income neighborhoods. The Fair Housing Act prohibits discrimination in housing, ensuring equal opportunity regardless of race, color, religion, sex, or other factors. The Truth in Lending Act mandates clear disclosure of the terms and costs of credit to allow consumers to compare loans effectively. While all these laws serve essential roles within the broader context of lending and housing, the specific context of the South Carolina Predatory Lending Law is best captured under the High Cost and Consumer Home Loan Act.