South Dakota § 54-6A-1 Definitions.

South Dakota Statutes

§ 54-6A-1 — Definitions.

South Dakota § 54-6A-1

Title 54DEBTOR AND CREDITOR

Ch. 54-6ALEASE-PURCHASE AGREEMENTS FOR PERSONAL PROPERTY

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Bluebook

S.D. Codified Laws § 54-6A-1 (2026).

Text

Terms used in this chapter mean:

(1)"Advertisement," a commercial message in any medium that aids, promotes, or assists, directly or indirectly, a lease - purchase agreement;

(2)"Cash price," the price at which the lessor would have sold the property to the consumer for cash on the date of the lease - purchase agreement;

(3)"Consumer," a natural person who rents personal property under a lease - purchase agreement to be used primarily for personal, family or household purposes;

(4)"Consummation," the time a consumer becomes contractually obligated on a lease - purchase agreement;

(5)"Lessor," a person who regularly provides the use of property through lease - purchase agreements and to whom lease payments are initially payable on the face of the lease - purchase agreeme

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Terms used in this chapter mean: (1) "Advertisement," a commercial message in any medium that aids, promotes, or assists, directly or indirectly, a lease - purchase agreement; (2) "Cash price," the price at which the lessor would have sold the property to the consumer for cash on the date of the lease - purchase agreement; (3) "Consumer," a natural person who rents personal property under a lease - purchase agreement to be used primarily for personal, family or household purposes; (4) "Consummation," the time a consumer becomes contractually obligated on a lease - purchase agreement; (5) "Lessor," a person who regularly provides the use of property through lease - purchase agreements and to whom lease payments are initially payable on the face of the lease - purchase agreement.