10 : 11 : 01 : 01 . Meaning of terms. Words and phrases defined in SDCL 1-55-1 have the same meanings when used in this article. In addition, terms used in this article mean:
- (1) "Collection charge," the fee added by a debt collection agency to the total debt referred to it by the center, which is equal to 20 percent of the debt referred;
- (2) "Cost recovery fee," the fee added by the center to the principal amount of debt referred for collection to the center by a referring entity;
- (3) "Licensing agency," the Division of Motor Vehicles, Department of Public Safety, and Department of Game, Fish and Parks.
Source: 43 SDR 79 , effective December 5, 2016 .
General Authority: SDCL 1-55-15(1).
Law Implemented: SDCL 1-55-4 , 1-55-14 , 1-55-15(8)(9)(11).