54-11-8. Bank loan accounts unaffected.
The provisions of §§54-11-5 and 54-11-6.1 shall not apply to a revolving loan account arrangement made by a bank pursuant to §51A-12-12.
Source: SL 1974, ch 306, §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.