South Dakota Codified Laws 54-3A-8.1. Restriction on use of rule
Current as of: 2023 | Check for updates
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The Rule of 78 as defined in § 54-3A-8 may not be used in any consumer installment sales contract. The Rule of 78 may, however, be used to compute the unearned premium on insurance.
Terms Used In South Dakota Codified Laws 54-3A-8.1
- Contract: A legal written agreement that becomes binding when signed.
Source: SL 1984, ch 320, § 1.