South Dakota Statutes
§ 54-3-1 — Interest defined.
South Dakota § 54-3-1
This text of South Dakota § 54-3-1 (Interest defined.) 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 § 54-3-1 (2026).
Text
Interest is the compensation allowed by law for the use, or forbearance, or detention of money or its equivalent, including without limitation, points, loan origination fees, credit service or carrying charges, charges for unanticipated late payments, and any other charges, direct or indirect, as an incident to or as a condition of the extension of credit. These charges do not include charges made by a third party.
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Related
Sander v. Geib, Elston, Frost Professional Ass'n
506 N.W.2d 107 (South Dakota Supreme Court, 1993)
State Ex Rel. Meierhenry v. Spiegel, Inc.
277 N.W.2d 298 (South Dakota Supreme Court, 1979)
Rollinger v. JC Penney Company
192 N.W.2d 699 (South Dakota Supreme Court, 1971)
Legislative History
CivC 1877, § 1095; CL 1887, § 3718; RCivC 1903, § 1414; RC 1919, § 1037; SDC 1939, § 38.0103; SL 1987, ch 360, § 3.
Nearby Sections
15
§ 54-1-2
Loan of money defined.§ 54-1-6
"Open account" defined.§ 54-1-7
Open account--Interest rates.§ 54-1-9
"Securitization" defined.§ 54-10-1
Definition of terms.§ 54-10-10
Value of security, determination by liquidator's sale of assets--Order of sale, requirements.§ 54-10-13
Uniformity of interpretation of chapter.Cite This Page — Counsel Stack
Bluebook (online)
South Dakota § 54-3-1, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/54-3-1.