A bank may compound the interest or service fees charged on loans when disclosed in writing to the borrower.
S.D. Codified Laws § 51A-12-15
Compounding interest and service fees
Source: SL 1981, ch 346, § 62; SDCL, § 51-24-16.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.