SDCL § 54-4-66: Maximum amount of payday loan--Violation as misdemeanor.
Where this section sits in the code
- TITLE 54. DEBTOR AND CREDITOR
- CHAPTER 54-4. MONEY LENDING LICENSES
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.
Collected 2026-09-03T15:18:57Z. Source file · JSON