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2012 South Dakota Codified Laws
Title 54 DEBTOR AND CREDITOR
Chapter 03. Interest And Usury
§54-3-17 Recommendations for amendment of official rates.


SD Codified L § 54-3-17 (through 2012) What's This?


54-3-17. Recommendations for amendment of official rates. The Division of Banking shall annually review current interest rates, which review shall take into account the national rate of inflation and the prime lending rate as well as other indices division personnel deem proper, and, if necessary, shall recommend amendments to § 54-3-16 to the Legislature during regular session.

Source: SL 1984, ch 319, § 2.

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