South Dakota Statutes

§ 54-3-15 — Exemption from federal preemption of state usury laws.

South Dakota·Title 54 DEBTOR AND CREDITOR·Ch. 54-2 INTEREST AND USURY

The provisions of 12 U.S.C. 1735f-7, 12 U.S.C. 86a and 15 U.S.C. 687 in effect on December 31, 1980, which preempt state usury laws, do not apply to loans made in the state of South Dakota.

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South Dakota § 54-3-15 (Exemption from federal preemption of state usury laws.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Related

12 U.S.C. § 1735f

12 U.S.C. § 86a

15 U.S.C. § 687

Legislative History

SL 1981, ch 351.

Nearby Sections

15

§ 54-1-1

Definition of terms--Debtor--Creditor.

§ 54-1-10

Securitization transaction--Transferor to lose interest in transferred property.

§ 54-1-2

Loan of money defined.

§ 54-1-3

Debtor's contract valid in the absence of fraud.

§ 54-1-4

Preference of creditors by debtor.

§ 54-1-5

Marshaling of funds--Rights of creditor.

§ 54-1-6

"Open account" defined.

§ 54-1-7

Open account--Interest rates.

§ 54-1-8

Open account--Notice of interest rate increase.

§ 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.

§ 54-10-11

Value of exempt security not credited upon claim.

§ 54-10-12

Application of chapter to existing transactions.

§ 54-10-13

Uniformity of interpretation of chapter.

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