§ 54-3A-1 Definition of terms
§ 54-3A-2 Items included in amount financed
§ 54-3A-3 Finance charges on installment sales contract
§ 54-3A-5 Additional charges allowed–Disclosure and explanation to consumer–Separateagreement
§ 54-3A-6 Commencement of term of obligation–Down payments
§ 54-3A-7 Modification of agreement to increase outstanding obligation prohibited–Exception
§ 54-3A-8 Rule for computing refund of charges on prepayment
§ 54-3A-8.1 Restriction on use of rule
§ 54-3A-9 Rebate of portion of finance charge on prepayment or refinancing–Exceptions
§ 54-3A-10 Rebate on acceleration of maturity
§ 54-3A-11 Delinquent installments–Notice of penalty to consumer
§ 54-3A-12 Imposition and collection of delinquency charge
§ 54-3A-12.1 Imposition and collection of returned check charge–Maximum
§ 54-3A-14 Unilateral deferral by creditor prohibited
§ 54-3A-15 Deferral agreement requirements
§ 54-3A-16 Deferral charge not collected on refinancing
§ 54-3A-17 Refinancing agreement–Rebate excluded
§ 54-3A-18 Refinancing agreement requirements
§ 54-3A-19 Creditor’s remedies on delinquency
§ 54-3A-20 Debt forfeited for excessive charges–Costs and attorney fees
§ 54-3A-21 Limitation on action for excessive charges
§ 54-3A-22 Demand required before action for excessive charges
§ 54-3A-23 Proof of unintentional error
§ 54-3A-24 Promulgation of rules
§ 54-3A-25 Severability of provisions
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Terms Used In South Dakota Codified Laws > Title 54 > Chapter 3A - Consumer Installment Sales Contracts

  • Contract: A legal written agreement that becomes binding when signed.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Finance charge: The total cost of credit a customer must pay on a consumer loan, including interest. The Truth in Lending Act requires disclosure of the finance charge. Source: OCC
  • Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. Source: OCC
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Minimum finance charge: The minimum, or fixed, finance charge that will be imposed during a billing cycle. A minimum finance charge usually applies only when a finance charge is imposed, that is, when you carry over a balance. Source: Federal Reserve
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Person: includes natural persons, partnerships, associations, cooperative corporations, limited liability companies, and corporations. See South Dakota Codified Laws 2-14-2
  • Property: includes property, real and personal. See South Dakota Codified Laws 2-14-2
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
  • Services: includes :

    (a) Work, labor, and other personal services. See South Dakota Codified Laws 54-3A-1

  • written: include typewriting and typewritten, printing and printed, except in the case of signatures, and where the words are used by way of contrast to typewriting and printing. See South Dakota Codified Laws 2-14-2