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South Dakota Interest Rates Laws
More Information on Interest Rate Laws
| Legal Maximum Rate of Interest | Absent agreement, 12% (§54-3-4); various official state interest rates: Category A-4 ?%; Category B-10%; Category C-12%; Category D-1% per month or fraction thereof; Category E-4%; Category F-15%; Category G-5/6% per month or fraction thereof (§54-3-16) |
| Penalty for Usury (Unlawful Interest Rate) | Penalties repealed July 1982 |
| Interest Rates on Judgments | 10% (§54-3-5.1) |
| Exceptions | Real estate mortgages; Uniform Credit Code security agreements; revolving charge accounts (§54-11-5); regulated lenders §(54-3-13) |
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