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Statutes > South Dakota Laws > Title 54 - DEBTOR AND CREDITOR > Chapter 03A - Consumer Installment Sales Contracts > Section 54-3A-12.1 - Imposition and collection of returned check charge--Maximum.

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SOUTH DAKOTA STATUTES AND CODES

Section 54-3A-12.1 - Imposition and collection of returned check charge--Maximum.

54-3A-12.1. Imposition and collection of returned check charge--Maximum. The holder of a contract authorized by this chapter may, if the contract so provides, collect a charge not to exceed thirty dollars for each check, draft, order of withdrawal, or similar payment device that is received by the holder in connection with the contract and that is returned for nonpayment for any reason.

Source: SL 2000, ch 228, § 1.

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