54-11-1. Credit card and accepted credit card defined.
The term, credit card, or, accepted credit card, as used in this chapter, means any credit card, identification card, or device which the cardholder has requested and received from any issuer or business, or has signed or has used, or has authorized another to use, for the purpose of obtaining money, property, checks, travelers checks, money orders, labor or services on credit. For purposes of this chapter, a credit card need not be issued to establish a revolving loan account arrangement made by a bank pursuant to §51A-12-12.
Source: SL 1968, ch 199, §1; SL 1980, ch 26, §28; SL 1983, ch 365, §1; SL 2014, ch 227, §2.
Structure South Dakota Codified Laws
Title 54 - Debtor and Creditor
Chapter 11 - Credit Cards And Revolving Charge Accounts
Section 54-11-1 - Credit card and accepted credit card defined.
Section 54-11-4 - Unsolicited issuance of credit card prohibited--No liability for misuse by others.
Section 54-11-5 - "Revolving charge account" and "consumer goods and services" defined.
Section 54-11-6.1 - Credit service charge permitted on revolving charge account.
Section 54-11-6.2 - Amount of service charge--Requirements--Compounding charge.
Section 54-11-6.3 - Maximum service charge.
Section 54-11-6.4 - Minimum charge on monthly bills when service charge less than minimum charge.
Section 54-11-8 - Bank loan accounts unaffected.
Section 54-11-9 - Creation of contract between card holder and issuer.
Section 54-11-12 - Change in terms of credit card agreement.