54-15-15. Certain entities not required to place security freeze.
The following entities are not required to place a security freeze in a consumer credit report pursuant to this chapter:
(1)A check services or fraud prevention services company, which issues reports on incidents of fraud or authorizations for the purpose of approving or processing negotiable instruments, electronic funds transfers, or similar methods of payments; and
(2)A deposit account information service company, which issues reports regarding account closures due to fraud, substantial overdrafts, ATM abuse, or similar negative information regarding a consumer, to inquiring banks or other financial institutions for use only in reviewing a consumer request for a deposit account at the inquiring bank or financial institution.
Source: SL 2006, ch 246, ยง15.
Structure South Dakota Codified Laws
Title 54 - Debtor and Creditor
Chapter 15 - Security Freeze On Credit Report
Section 54-15-2 - Security freeze defined.
Section 54-15-3 - Request to consumer reporting agency for security freeze.
Section 54-15-4 - Time for placing security freeze.
Section 54-15-5 - Written confirmation of security freeze.
Section 54-15-6 - Request for temporary lifting of security freeze.
Section 54-15-7 - Expedited procedures for temporary lifting of security freeze.
Section 54-15-8 - Conditions for removing or temporarily lifting security freeze.
Section 54-15-11 - Removal of security freeze--Request for removal.
Section 54-15-12 - Use of credit report by certain persons and entities not subject to chapter.
Section 54-15-13 - Written confirmation of changes to report while security freeze in place.
Section 54-15-14 - Resellers of credit information not required to place security freeze.
Section 54-15-15 - Certain entities not required to place security freeze .
Section 54-15-16 - Furnishing of information to governmental agency when security freeze in place.
Section 54-15-17 - Fee for placement or removal of security freeze prohibited.