South Dakota § 54-3A-18 Refinancing agreement requirements.

South Dakota Statutes

§ 54-3A-18 — Refinancing agreement requirements.

South Dakota § 54-3A-18

Title 54DEBTOR AND CREDITOR

Ch. 54-3ACONSUMER INSTALLMENT SALES CONTRACTS

This text of South Dakota § 54-3A-18 (Refinancing agreement requirements.) 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 § 54-3A-18 (2026).

Text

A refinancing agreement shall:

(1)Be in writing and be signed by the parties;

(2)Incorporate by reference the transaction to which the refinancing agreement applies;

(3)State the amount that is to be refinanced, the date or dates on which the installments were originally payable and the date or dates on which they will become payable; and (4) State the amount of the charge to be paid by the buyer for the privilege of refinancing, which shall be the difference between the total amount of the finance charge that was to have been paid under the terms of the original contract computed on the assumption that all scheduled installments would have been paid when due and the total finance charge that is to be paid pursuant to the refinancing computed on the assumption that all sched

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A refinancing agreement shall: (1) Be in writing and be signed by the parties; (2) Incorporate by reference the transaction to which the refinancing agreement applies; (3) State the amount that is to be refinanced, the date or dates on which the installments were originally payable and the date or dates on which they will become payable; and (4) State the amount of the charge to be paid by the buyer for the privilege of refinancing, which shall be the difference between the total amount of the finance charge that was to have been paid under the terms of the original contract computed on the assumption that all scheduled installments would have been paid when due and the total finance charge that is to be paid pursuant to the refinancing computed on the assumption that all scheduled installments will be paid when due.