No lessor may require a lessee to purchase credit insurance as a term or condition of the lease.

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Terms Used In South Dakota Codified Laws 58-19-5.1

  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC

Source: SL 1998, ch 295, § 2.