South Dakota Statutes
§ 54-4-44.1 — Device, subterfuge, or pretense to evade maximum finance charge prohibited--Penalties.
South Dakota § 54-4-44.1
This text of South Dakota § 54-4-44.1 (Device, subterfuge, or pretense to evade maximum finance charge prohibited--Penalties.) 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 § 54-4-44.1 (2026).
Text
No person may engage in any device, subterfuge, or pretense to evade the requirements of § 54-4-44 , including, but not limited to, making loans disguised as a personal property sale and leaseback transaction; disguising loan proceeds as a cash rebate for the pretextual installment sale of goods or services; or making, offering, assisting, or arranging a debtor to obtain a loan with a greater rate of interest, consideration, or charge than is permitted by this chapter through any method including mail, telephone, internet, or any electronic means regardless of whether the person has a physical location in the state. Notwithstanding any other provision of this chapter, a violation of this section is subject to the penalties in § 54-4-44 .
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Related
Dollar Loan Center of South Dakota, LLC v. Afdahl
(D. South Dakota, 2018)
Legislative History
SL 2017, ch 221 (Initiated Measure 21), § 3, eff. Nov. 16, 2016.
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 § 54-4-44.1, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/54-4-44.1.