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Subjects>Law & Government>Law & Legal Issues

Are Cognovit Notes legal in South Carolina?

Anonymous

∙ 15y ago

Updated: 11/11/2022

Were you aware of the clause, if not it is fraud.

Wiki User

∙ 15y ago

What else can I help you with?

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I did some preliminary research which included the website of a NYC law firm (SEE LINK BELOW) which discusses various type of debt notes - including COGNOVIT NOTES. This site gives no caveat as to their legality (or lack thereof) in NY, therefore I draw the conclusion that cognovit notes quite likely ARE legal in NY State.

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