Q. What is the estimated payoff?
A. The estimated payoff amount is an estimate based on the loan's outstanding principal balance at the close of business on the preceding business day, plus interest at the current interest rate and credit insurance premiums (if any) that will accrue by close of business today. As a consequence, the estimate may not include sums (such as late charges, prepayment penalties, or collection costs) properly chargeable to the loan account that have not yet been posted to the account, or transactions that have occurred since the close of business on the previous business day (such as payments or additional credit advances).

Q. How do I get the actual payoff amount?
A. A request for a "formal" payoff statement must (i) be submitted in writing, (ii) adequately identify the loan and the collateral, (iii) be signed by the requesting party, and (iv) be sent either by fax to the Loan Department, Carolyn Tisdale or Emmie Ward, (843) 355-8113 or (843) 355-8108; or by mail to The Exchange Bank of S.C., Inc, 130 West Main Street, Kingstree, S.C. 29556, Attn: Carolyn Tisdale, Loan Department. If collateral securing this loan also secures other obligations, we are not obligated to release collateral or cancel security instruments unless and until all secured by the collateral are paid in full and satisfied.