S.D. Codified Laws § 54-4-66

Current through the 2024 Legislative Session

Section 54-4-66 - Maximum amount of payday loan-Violation as misdemeanor

The maximum principal amount of any payday loan, or the total outstanding principal balances of all payday loans made by a licensee to a single borrower, may not exceed five hundred dollars at any time. A violation of this section is a Class 1 misdemeanor.

SDCL 54-4-66

SL 2002, ch 223, §2; SL 2004, ch 291, §3; SL 2007, ch 278, §1.