2012 South Dakota Codified Laws
Title 54 DEBTOR AND CREDITOR
Chapter 03A. Consumer Installment Sales Contracts
§54-3A-15 Deferral agreement requirements.
54-3A-15. Deferral agreement requirements. A deferral agreement shall:
(1) Be in writing and be signed by the parties;
(2) Incorporate by reference the transaction to which the deferral agreement applies;
(3) State the number of installments or partial installments to be deferred, the amounts thereof, the date or dates originally payable and the date or dates to which payment is being deferred; and
(4) If there is a deferral charge, state the amount to be paid by the buyer for the privilege of deferring the installment or installments.
Source: SL 1974, ch 305, § 11.
Disclaimer: These codes may not be the most recent version. South Dakota may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
