{"data":{"id":"us-sd/sdcl-54-4-60","jurisdiction":"us-sd","citation":"SDCL § 54-4-60","heading":"Purchase of insurance not condition to receive loan.","body":"A licensee may sell insurance to anyone with whom the licensee has a lending relationship. However, the licensee may not require the debtor to purchase the insurance from the licensee or any affiliate as a condition of the loan. The licensee may not require a borrower to purchase credit life insurance or any other life or health insurance as a condition of receiving the loan or as additional security.","path":["TITLE 54. DEBTOR AND CREDITOR","CHAPTER 54-4. MONEY LENDING LICENSES"],"source_url":"https://sdlegislature.gov/Statutes/54-4-60","current_through":"2026-08-31","vintage":"","retrieved_at":"2026-09-03T15:18:57Z","sha256":"a13fc57228d1fea918b4258b5ce5ad5e2fef633606910e660e6b95b4e12bb125","source_id":"us-sd","stale":true,"prev":"us-sd/sdcl-54-4-59","next":"us-sd/sdcl-54-4-61"},"notice":"GroundRules: Original legal text. Not legal advice."}