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2012 South Dakota Codified Laws
Title 54 DEBTOR AND CREDITOR
Chapter 03A. Consumer Installment Sales Contracts
§54-3A-3 Finance charges on installment sales contract.


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


54-3A-3. Finance charges on installment sales contract. Notwithstanding the provisions of any other law, a creditor may contract for and receive, pursuant to an installment sales contract, a finance charge at a rate as agreed upon by the creditor and the consumer by written agreement. The finance charge is expressed and compounded in the same manner as an interest rate.

Source: SL 1974, ch 305, § 2; SL 1979, ch 331; SL 1980, ch 337, § 2A; SL 1982, ch 343, § 1.

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