{"data":{"id":"us-sd/sdcl-54-3-4","jurisdiction":"us-sd","citation":"SDCL § 54-3-4","heading":"Maximum rate of interest where no rate specified--Commencement where date not specified.","body":"Under an obligation to pay interest, no rate being specified, interest is payable from date of incurrence of debt, unless the parties have otherwise agreed, at a maximum rate of the Category C rate of interest as established in § 54-3-16, and in the like proportion for a longer or shorter term. In the computation of interest for less than a year, three hundred sixty days are deemed to constitute a year.","path":["TITLE 54. DEBTOR AND CREDITOR","CHAPTER 54-3. INTEREST AND USURY"],"source_url":"https://sdlegislature.gov/Statutes/54-3-4","current_through":"2026-08-31","vintage":"","retrieved_at":"2026-09-03T15:18:57Z","sha256":"775ed77067432bbc5c5eb2a5bf82b6ec98c5c2acb26e30864263148474fc1091","source_id":"us-sd","stale":true,"prev":"us-sd/sdcl-54-3-3","next":"us-sd/sdcl-54-3-5"},"notice":"GroundRules: Original legal text. Not legal advice."}