South Dakota Statutes
§ 37-34-1 — Debt adjusting defined.
The term, debt adjusting, means the making of a contract, express or implied, with a debtor whereby the debtor agrees to pay a certain amount of money or other thing of value periodically to the person engaged in the debt-adjusting business who shall, for consideration, distribute the same among certain specified creditors in accordance with a plan agreed upon. The term includes debt adjustment, budget counseling, debt management, or debt-pooling service or the holding of oneself out by words of similar import as providing services to debtors in the management of their debts and contracting with the debtor for a fee to effect the adjustment, compromise, or discharge of any account, note, or other indebtedness of the debtor or receive from the debtor and disperse to his creditors any money
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Legislative History
SL 1990, ch 387, § 1; SDCL §
Nearby Sections
15
§ 37-1-11.1
Demand by attorney general to produce evidence relating to violations--Service--Contents.§ 37-1-11.2
Petition for enforcement of attorney general's demand--Court order--Protective provisions.§ 37-1-11.4
Self§ 37-1-14.1
Venue of actions for violation.§ 37-1-14.4
Limitation of actions for violations.§ 37-1-15
Repealed§ 37-1-17
Repealed§ 37-1-19
Repealed