South Dakota Statutes
§ 54-6A-4 — Disclosure of information.
The lessor shall disclose to the consumer the information required by this chapter. In a transaction involving more than one lessor, only one lessor need make the disclosures, but all lessors shall be bound by such disclosures. The disclosures shall be made at or before consummation of the lease - purchase agreement. The disclosures shall be made clearly and conspicuously in writing and a copy of the lease - purchase agreement provided to the consumer. The disclosures required under § 54-6A-5 shall be made on the face of the contract above the line for the consumer's signature. If a disclosure becomes inaccurate as the result of any act, occurrence, or agreement by the consumer after delivery of the required disclosures, the resulting inaccuracy is not a violation of this chapter.
Free access — add to your briefcase to read the full text and ask questions with AI
South Dakota § 54-6A-4 (Disclosure of information.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
SL 1991, ch 393, § 4.
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.