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South Dakota Codified Laws

Chapter 54-3

S.D. Codified Laws ch. 54-3

Interest and Usury

54-3-1Interest defined.54-3-1.1Rate of interest set by written agreement--No maximum or usury restriction.54-3-2Loan of money--Presumption as to interest.54-3-3Annual rate of interest where not specified.54-3-4Maximum rate of interest where no rate specified--Commencement where date not specified.54-3-5Interest on moneys after they become due--Exception for express contracts or interest rate on bill, statement, or invoice--Limitation on interest rate.54-3-5.1Interest on judgments, statutory liens and inverse condemnations.54-3-6Legal rate of interest stipulated by contract after breach.54-3-7RepealedRepealed 54-3-7.1RepealedRepealed 54-3-7.2RepealedRepealed 54-3-7.3OmittedRepealed 54-3-7.4OmittedRepealed 54-3-8Interest on loan--Advance deduction.54-3-9RepealedRepealed 54-3-10RepealedRepealed 54-3-11RepealedRepealed 54-3-12RepealedRepealed 54-3-13Regulated lenders exempt from interest rate limitations and usury statutes.54-3-14Regulated lenders defined.54-3-15Exemption from federal preemption of state usury laws.54-3-16Official state interest rates.54-3-17Recommendations for amendment of official rates.