54-11-12.Change in terms of credit card agreement.
A credit card issuer may change the terms of any credit card agreement if such right of amendment has been reserved. A credit card issuer shall provide notice of such change, and the right to reject such change, in accordance with, and solely to the extent required by 12 C.F.R. 1026, in effect on January 1, 2015. No credit card issuer may make a change that is specifically prohibited by 12 C.F. R. 1026.
Source: SL 2015, ch 243, ยง3.
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.