South Dakota § 1-55-7 - Final notification to debtor by referring entity.
Full text of South Dakota South Dakota Codified Laws § 1-55-7 — Final notification to debtor by referring entity., with citation guidance and answers to common questions.
§ 1-55-7. Final notification to debtor by referring entity.
Prior to transferring any debt to the center for collection, the referring entity shall provide a final notification to the debtor that the debt will be referred to the center for collection.
The final notification to the debtor may be sent by regular mail or by electronic means. The final notification shall contain all of the following:
(1) The name of the referring entity;
(2) Contact information for the referring entity;
(3) The name of the debtor;
(4) The nature of the debt;
(5) The principal amount of the debt;
(6) The total amount of the debt;
(7) A statement that the debt will not be turned over for collection to the center until a time at least fourteen days after the date the final notification is sent to the debtor; and
(8) A statement that if the debt is turned over to the center, a cost recovery fee of twenty percent of the principal, in the amount of $ ______, will be added to the total debt owed by the debtor to the referring entity.
Source: SL 2015, ch 14, § 7.
Source: official South Dakota text · Last verified 2026-08-27
Frequently Asked Questions About South Dakota § 1-55-7
What does South Dakota Codified Laws § 1-55-7 cover?
Section 1-55-7 ("Final notification to debtor by referring entity.") 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 § 1-55-7?
A common citation format is "South Dakota Codified Laws § 1-55-7" (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 § 1-55-7 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.