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South Dakota Codified Laws

Chapter 54-4

S.D. Codified Laws ch. 54-4

Money Lending Licenses

54-4-1RepealedRepealed 54-4-2RepealedRepealed 54-4-354-4-3 to 54-4-35. Repealed by SL 1998, ch 280, § 30.54-4-36Definition of terms.54-4-37Entities exempt from chapter provisions.54-4-37.1Exemption for originating, selling, servicing, or acquiring five or fewer loans in twelve-month period where total of outstanding loans under certain amount--Annual report.54-4-38Promulgation of rules.54-4-39Compliance with Title 53.54-4-40Application for license--Licensure through nationwide mortgage licensing system--Public records--Exemptions .54-4-41Rejection or acceptance of application by director.54-4-42Bond to be filed with application.54-4-43Investigation of facts concerning license application--Requirements for grant of license.54-4-44Engaging in business after procurement of license--Maximum finance charge--Violation as misdemeanor--Loan void.54-4-44.1Device, subterfuge, or pretense to evade maximum finance charge prohibited--Penalties.54-4-44.2Motor vehicle purchase loan--Fees incident to extension of credit.54-4-44.3Consumer default--Fees incident to extension of credit.54-4-44.4Business-to-business lending exempt.54-4-45Duration of license--Renewal.54-4-46Transfer of license--Approval required for name change.54-4-47Location to be licensed--Change of location.54-4-47.1Remote work--Requirements.54-4-48Cease and desist order for practice not in conformity to requirements--Appeal.54-4-49Conditions, denial, nonrenewal, suspension, or revocation of license.54-4-50Injunction against licensee for violation.54-4-51Court-appointed receivership.54-4-52License required.54-4-53Deposit of funds.54-4-54Payment of annual tax--Exemption.54-4-55Exemption from other taxes.54-4-56Renewal of application--Tax information--Forms.54-4-57Examination of records--Costs--Information--Forms--Application of other provisions.54-4-58Information required in contract.54-4-59Property insurance required.54-4-60Purchase of insurance not condition to receive loan.54-4-61Copy provided to debtor.54-4-62Satisfaction of loan--Release of assignments.54-4-63Advertising.54-4-64Application of chapter.54-4-65Limitation on renewal, rollover, or flip of short-term consumer loan--Fee.54-4-66Maximum amount of payday loan--Violation as misdemeanor.54-4-67Production of records located outside state--Alternate procedures--Designated record inspectors.54-4-68Appointment of resident agent for service of process--Notice.54-4-69Consent to be sued--Form.54-4-70Title loans to be evidenced by written agreement--Possession of certification of title--Application of statutes on secured transactions.54-4-71Term of title loan--Renewal--Payment amounts--Deferred principal amount.54-4-72Default in repayment of title loan--Remedy--Exception--Sale of reposed vehicle--Refund of surplus less expenses.54-4-73Debt cancellation contract defined.54-4-74Debt suspension contract defined.54-4-75Debt cancellation contracts and debt suspension contracts permitted.54-4-76Loans by unlicensed lenders uncollectible except for principal.54-4-77Debt collection--Prohibitions.54-4-77.1Exemptions not applicable to prohibited debt-collection tactics.54-4-78Use of nationwide mortgage licensing system and registry for requesting and distributing information.54-4-79Contracts for collection and maintenance of records and processing of fees.54-4-80Sharing of information collected by director.54-4-81Attorney's fees recoverable if provided for in evidence of debt.