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Statutes > South Dakota Laws > Title 54 - DEBTOR AND CREDITOR > Chapter 03A - Consumer Installment Sales Contracts > Section 54-3A-6 - Commencement of term of obligation--Down payments.

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SOUTH DAKOTA STATUTES AND CODES

Section 54-3A-6 - Commencement of term of obligation--Down payments.

54-3A-6. Commencement of term of obligation--Down payments. The term of a consumer obligation under this chapter, commences with the date the credit is granted unless goods are delivered or services are performed ten days or more after the date credit is granted, in which case the term commences with the date of delivery or performance. Nothing in this section shall prohibit a down payment.

Source: SL 1974, ch 305, § 7.

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