South Dakota Codified Laws 54-3-15. Exemption from federal preemption of state usury laws
Current as of: 2023 | Check for updates
|
Other versions
The provisions of 12 U.S.C. §§ 1735f–7, 12 U.S.C. § 86a and 15 U.S.C. § 687 in effect on December 31, 1980, which preempt state usury laws, do not apply to loans made in the state of South Dakota.
Terms Used In South Dakota Codified Laws 54-3-15
- Usury: Charging an illegally high interest rate on a loan. Source: OCC
Source: SL 1981, ch 351.