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S.D. Codified Laws § 54-3A-14

Unilateral deferral by creditor prohibited

Source: SL 1974, ch 305, § 12; SL 1990, ch 30, § 14.

No term of a writing executed by the buyer prior to agreement to a deferral constitutes authority for a creditor unilaterally to grant a deferral and make charges therefor.

Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.