S.D. Codified Laws § 54-3-13

This is the official text of S.D. Codified Laws § 54-3-13, part of South Dakota’s Codified Laws — part of the compiled statutory law of South Dakota, published by the state as "Codified Laws." Browse the sections below, each linked to its official government source.

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Regulated lenders exempt from interest rate limitations and usury statutes

Official statutory text

Regulated lenders are exempt from all limitations on the rate of interest which they may charge and are further exempt from the operation and effect of all usury statutes, except as is otherwise provided in § 54-3-14 . Regulated lenders and their assignees are further exempt from the prohibition, operation, and effect of § 15-17-39 , and regulated lenders and their assignees may recover reasonable attorney's fees in the case of default of payment if provided for in the note, bond, mortgage, or other evidence of debt.

Source: SL 1980, ch 335, § 2; SL 1996, ch 283.

Status: in_force · Read it on the official government site

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About this page: Statute text is reproduced from official government publishers via the Open US Law dataset (Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine (Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.