## US-SC interest rules

This source-backed guide covers US-SC interest authority (S.C. Code § 34-31-20). It certifies only the quoted source-backed rules below; related interest categories remain outside this page unless they are expressly listed in the receipt.

## S.C. Code § 34-31-20

US-SC interest controlling authority under S.C. Code § 34-31-20.

> **34-31-20.** ercent per annum. (B) A money decree or judgment of a court enrolled or entered must draw interest according to law. The legal rate of interest is equal to the prime rate as listed in the first edition of the Wall Street Journal published for each calendar year for which the damages are awarded, plus four percentage points, compounded annually. The South Carolina Supreme Court shall issue an order by January 15 of each year confirming the annual prime rate. This section applies to all judgments entered on

## Use the calculator

DocketMath's interest calculator can model interest scenarios once you identify the controlling jurisdiction, amount, rate type, and accrual date. Use the source panel for the verified source-backed rule.

[Open the Interest calculator](/tools/interest)

## Sources

- [34-31-20 — S.C. Code § 34-31-20](https://www.scstatehouse.gov/code/t34c031.php)

All sources are official primary law published by `www.scstatehouse.gov`.

**Corroboration method:** government_primary_source_direct_fetch.


DocketMath’s Judgment Interest Calculator for South Carolina (US-SC) helps you estimate interest that may accrue on a judgment using a date-based approa...

Judgment Interest Calculator Guide for South Carolina

ANO-831 surgery 2026-04-24: (1) judgment branch — wrong rate 8.25%, fabricated 12%-per-annum statute text, fabricated § 34-31-20(B) 8% state-judgment subrule, fabricated § 34-31-20(C) 24%/yr child-support subrule (no such subsection — child-support interest is governed by S.C. Code Title 63 / DSS regs, not § 34-31-20). Replaced with correct WSJ prime+4% formula keyed to SC Supreme Court annual order. (2) late_payment — fabricated § 34-31-20(A) written-contract paraphrase with 15% cap (no statutory 15% cap in § 34-31-20); fabricated § 34-31-20(B) 1%/month late-fee subrule (no such provision exists). Removed. § 34-31-20(A) legal rate corrected to 8.75% with accurate statute text. (3) penalty — fabricated § 34-31-30 statutory-rate subrule (§ 34-31-30 addresses written-contract interest, not what was quoted) and fabricated § 34-31-80 compound-interest authorization (§ 34-31-80 is unrelated). Removed; rate notes corrected. (4) erisa — fabricated § 1132(a)(1)(B) 'compensatory_interest_rate: 1' field (ERISA sets no rate). Cleaned. (5) escrow — fabricated § 27-40-440 statute text and (a)/(b) subrules (§ 27-40-440 addresses landlord notice of rule changes; the quoted rent-trust/$25-interest language is invented). Removed. (6) security_deposit — fabricated § 27-40-410 3%-per-annum rate text and (A)/(B) subrules (no SC statute mandates security-deposit interest; § 27-40-410 covers return + 30-day itemization only). Removed. Also corrected effective_dates: § 34-31-20(B) prime+4% formula = 2005 Act 27 (not 2022); § 34-31-20(A) 8.75% = 1980 amendment (not 2023/2013). Renamed _ano_711_* envelope to _ano_710_research per ANO-831 stamp spec.

A civil action may be brought by a participant or beneficiary... for appropriate relief under this subchapter.

RESPA limits escrow account amounts; interest on mortgage escrow is not federally mandated and South Carolina has no separate statutory requirement.

A money decree or judgment of a court enrolled or entered must draw interest according to law. The legal rate of interest is equal to the prime rate as listed in the first edition of the Wall Street Journal published for each calendar year for which the damages are awarded, plus four percentage points, compounded annually.

In all cases of accounts stated and in all cases wherein any sum or sums of money shall be ascertained and, being due, shall draw interest according to law, the legal interest shall be at the rate of eight and three-quarters percent per annum.

Upon termination of the tenancy, property or money held by the landlord as a security deposit may be applied to the payment of accrued rent and the amount of damages which the landlord has suffered by reason of the tenant's noncompliance with Section 27-40-510 and the rental agreement, all as itemized by the landlord in a written notice delivered to the tenant together with the amount due, within thirty days after termination of the tenancy and delivery of possession.

(A) In all cases of accounts stated and in all cases wherein any sum or sums of money shall be ascertained and, being due, shall draw interest according to law, the legal interest shall be at the rate of eight and three-quarters percent per annum. (B) A money decree or judgment of a court enrolled or entered must draw interest according to law. The legal rate of interest is equal to the prime rate as listed in the first edition of the Wall Street Journal published for each calendar year for which the damages are awarded, plus four percentage points, compounded annually. The South Carolina Supreme Court shall issue an order by January 15 of each year confirming the annual prime rate.

interest in US-SC is governed by S.C. Code § 34-31-20.