South Dakota § 54-6A-9 - Renegotiation for new agreement--Extensions.
Full text of South Dakota South Dakota Codified Laws § 54-6A-9 — Renegotiation for new agreement--Extensions., with citation guidance and answers to common questions.
§ 54-6A-9. Renegotiation for new agreement--Extensions.
A renegotiation shall occur when an existing lease-purchase agreement is satisfied and replaced by a new agreement undertaken by the same lessor and consumer. A renegotiation shall be considered a new agreement requiring new disclosures. However, the following events may not be treated as renegotiations:
(1) The addition or return of property in a multiple-item agreement or in the substitution of the lease property, if in either case the average payment allocable to a payment period is not changed by more than twenty-five percent;
(2) A deferral or extension of one or more periodic payments, or portions of a periodic payment;
(3) A reduction in charges in the lease or agreement; and
(4) A lease or agreement involved in a court proceeding.
No disclosures are required for any extension of a lease-purchase agreement.
Source: SL 1991, ch 393, § 9.
Source: official South Dakota text · Last verified 2026-08-27
Frequently Asked Questions About South Dakota § 54-6A-9
What does South Dakota Codified Laws § 54-6A-9 cover?
Section 54-6A-9 ("Renegotiation for new agreement--Extensions.") is part of the South Dakota Codified Laws, the codified statutory law of South Dakota. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite South Dakota § 54-6A-9?
A common citation format is "South Dakota Codified Laws § 54-6A-9" (South Dakota). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of South Dakota law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the South Dakota official source linked on this page or consult a licensed South Dakota attorney.
How does South Dakota § 54-6A-9 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in South Dakota can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in South Dakota.