54-11-6.4. Minimum charge on monthly bills when service charge less than minimum charge.
If there is an unpaid balance on the date of which the credit service charge is applied and the credit service charge pursuant to this section is less than the minimum charge, a minimum charge not exceeding fifty cents may be made if the billing cycle is monthly. If the billing cycle is not monthly, a minimum charge may be made which bears the same relation to fifty cents as the number of days in the billing cycle bears to thirty.
Source: SL 1979, ch 335, ยง6.
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.