§ 54-3A-1 Definition of terms
§ 54-3A-2 Items included in amount financed
§ 54-3A-3 Finance charges on installment sales contract
§ 54-3A-5 Additional charges allowed–Disclosure and explanation to consumer–Separate agreement
§ 54-3A-6 Commencement of term of obligation–Down payments
§ 54-3A-7 Modification of agreement to increase outstanding obligation prohibited–Exception
§ 54-3A-8 Rule for computing refund of charges on prepayment
§ 54-3A-8.1 Restriction on use of rule
§ 54-3A-9 Rebate of portion of finance charge on prepayment or refinancing–Exceptions
§ 54-3A-10 Rebate on acceleration of maturity
§ 54-3A-11 Delinquent installments–Notice of penalty to consumer
§ 54-3A-12 Imposition and collection of delinquency charge
§ 54-3A-12.1 Imposition and collection of returned check charge–Maximum
§ 54-3A-14 Unilateral deferral by creditor prohibited
§ 54-3A-15 Deferral agreement requirements
§ 54-3A-16 Deferral charge not collected on refinancing
§ 54-3A-17 Refinancing agreement–Rebate excluded
§ 54-3A-18 Refinancing agreement requirements
§ 54-3A-19 Creditor’s remedies on delinquency
§ 54-3A-20 Debt forfeited for excessive charges–Costs and attorney fees
§ 54-3A-21 Limitation on action for excessive charges
§ 54-3A-22 Demand required before action for excessive charges
§ 54-3A-23 Proof of unintentional error
§ 54-3A-24 Promulgation of rules
§ 54-3A-25 Severability of provisions

Terms Used In South Dakota Codified Laws > Title 54 > Chapter 3A

  • Consumer: a natural person who seeks or acquires, or is offered property, services, or credit for personal, family, or household purposes. See South Dakota Codified Laws 54-3A-1
  • Contract: A legal written agreement that becomes binding when signed.
  • Creditor: except as defined and used in chapters 54-1 and 54-9, everyone to whom is owed the performance of an obligation. See South Dakota Codified Laws 2-14-2
  • Day: the period from midnight to midnight. See South Dakota Codified Laws 2-14-2
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Finance charge: however denominated, the amount which is paid or payable for the privilege of paying for goods or services in one or more installments. See South Dakota Codified Laws 54-3A-1
  • Goods: tangible personal chattels, whether or not in existence at the time the transaction is entered into, and including things which, at the time of sale or subsequently, are to be so affixed to real property as to become a part thereof, whether or not severable therefrom, but excluding money, chattel paper, documents of title, and other instruments. See South Dakota Codified Laws 54-3A-1
  • Installment sales contract: an arrangement other than a revolving charge account, entered into in this state evidencing any consumer transaction in which a consumer purchases goods or services from a creditor, under which arrangement a finance charge may be imposed and the consumer agrees to pay for the goods or services in one or more installments. See South Dakota Codified Laws 54-3A-1
  • Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. Source: OCC
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Minimum finance charge: The minimum, or fixed, finance charge that will be imposed during a billing cycle. A minimum finance charge usually applies only when a finance charge is imposed, that is, when you carry over a balance. Source: Federal Reserve
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Official fees: the fees prescribed by law for filing, recording, or otherwise perfecting a security interest or the premium payable for any insurance in lieu of perfecting any security interest if the premium does not exceed the fees otherwise prescribed by law. See South Dakota Codified Laws 54-3A-1
  • Person: includes natural persons, partnerships, associations, cooperative corporations, limited liability companies, and corporations. See South Dakota Codified Laws 2-14-2
  • Property: includes property, real and personal. See South Dakota Codified Laws 2-14-2
  • Real property: is coextensive with lands, tenements, and hereditaments. See South Dakota Codified Laws 2-14-2
  • Services: includes :
 . See South Dakota Codified Laws 54-3A-1
  • State: the State of South Dakota. See South Dakota Codified Laws 2-14-2
  • Transaction: all of the agreements made between two or more persons to carry out an exchange of value, including the entire process of soliciting, negotiating, making, performing, and enforcing such agreements, whether or not any agreement is enforceable by action. See South Dakota Codified Laws 54-3A-1
  • Writing: and "written" include typewriting and typewritten, printing and printed, except in the case of signatures, and where the words are used by way of contrast to typewriting and printing. See South Dakota Codified Laws 2-14-2
  • written: include typewriting and typewritten, printing and printed, except in the case of signatures, and where the words are used by way of contrast to typewriting and printing. See South Dakota Codified Laws 2-14-2