South Dakota Codified Laws 37-16-1. Charging excessive interest as misdemeanor
Current as of: 2023 | Check for updates
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Every pawnbroker who receives goods in pledge for loans at any rate of interest above that allowed by law, is guilty of a Class 1 misdemeanor.
Attorney's Note
Under the South Dakota Laws, punishments for crimes depend on the classification. In the case of this section:| Class | Prison | Fine |
|---|---|---|
| Class 1 misdemeanor | up to 1 year | up to $2,00 |
Source: SDC 1939, § 13.1827; SL 1977, ch 190, § 270.