South Dakota § 54-11-6.3 Maximum service charge.

South Dakota Statutes

§ 54-11-6.3 — Maximum service charge.

South Dakota § 54-11-6.3

Title 54DEBTOR AND CREDITOR

Ch. 54-11CREDIT CARDS AND REVOLVING CHARGE ACCOUNTS

This text of South Dakota § 54-11-6.3 (Maximum service charge.) is published on Counsel Stack Legal Research, covering South Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

S.D. Codified Laws § 54-11-6.3 (2026).

Text

The charge shall be at a rate or amount agreed upon by the parties involved. If the billing cycle is not monthly, the maximum charge is that percentage which bears the same relation to the agreed upon rate as the number of days in the billing cycle bears to thirty. For the purposes of this section, a variation of not more than four days from month to month is approximately the same day of the billing cycle.

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The charge shall be at a rate or amount agreed upon by the parties involved. If the billing cycle is not monthly, the maximum charge is that percentage which bears the same relation to the agreed upon rate as the number of days in the billing cycle bears to thirty. For the purposes of this section, a variation of not more than four days from month to month is approximately the same day of the billing cycle.