South Dakota § 54-3-16 Official state interest rates.

South Dakota Statutes

§ 54-3-16 — Official state interest rates.

South Dakota § 54-3-16

Title 54DEBTOR AND CREDITOR

Ch. 54-2INTEREST AND USURY

This text of South Dakota § 54-3-16 (Official state interest rates.) 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 § 54-3-16 (2026).

Text

The official state interest rates, as referenced throughout the South Dakota Codified Laws, are as follows:

(1)Category A rate of interest is four and one - half percent per year;

(2)Category B rate of interest is ten percent per year;

(3)Category C rate of interest is twelve percent per year;

(4)Category D rate of interest is one percent per month or fraction thereof;

(5)Category E rate of interest is four percent per year;

(6)Category F rate of interest is fifteen percent per year; and (7) Category G rate of interest is five - sixth percent per month or fraction thereof.

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The official state interest rates, as referenced throughout the South Dakota Codified Laws, are as follows: (1) Category A rate of interest is four and one - half percent per year; (2) Category B rate of interest is ten percent per year; (3) Category C rate of interest is twelve percent per year; (4) Category D rate of interest is one percent per month or fraction thereof; (5) Category E rate of interest is four percent per year; (6) Category F rate of interest is fifteen percent per year; and (7) Category G rate of interest is five - sixth percent per month or fraction thereof.