South Dakota Codified Laws 54-4-44.2. Motor vehicle purchase loan–Fees incident to extension of credit
Current as of: 2023 | Check for updates
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For purposes of § 54-4-44, fees contracted for or received that are “incident to the extension of credit” in connection with a loan for the purchase of a motor vehicle do not include fees for optional maintenance agreements and extended service contracts, official fees and taxes, sales tax, title fees, lien registration fees, and dealer documentary fees.
Terms Used In South Dakota Codified Laws 54-4-44.2
- Lien: A claim against real or personal property in satisfaction of a debt.
Source: SL 2017, ch 205, § 3.