South Dakota Codified Laws 54-3A-10. Rebate on acceleration of maturity
Current as of: 2023 | Check for updates
|
Other versions
If the maturity of an obligation under an installment sales contract is accelerated for any reason and judgment is obtained, the consumer is entitled to a rebate computed as if payment in full had been made on the date that the action was brought.
Terms Used In South Dakota Codified Laws 54-3A-10
- Contract: A legal written agreement that becomes binding when signed.
- 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.
Source: SL 1974, ch 305, § 4.