South Dakota § 37-34-3 - Exceptions.
Full text of South Dakota South Dakota Codified Laws § 37-34-3 — Exceptions., with citation guidance and answers to common questions.
§ 37-34-3. Exceptions.
Section 37-34-2 does not apply to:
(1) Debt adjusting incurred incidentally in the lawful practice of law in this state;
(2) Banks and fiduciaries duly authorized and admitted to transact business in this state and performing credit and financial adjusting service in the regular course of their principal business;
(3) Title insurers and abstract companies, while doing an escrow business;
(4) Judicial officers or others acting under court orders;
(5) Nonprofit or charitable corporations or associations engaged in debt adjusting;
(6) Bona fide trade or mercantile associations in the course of arranging adjustments of debts with business establishments;
(7) Employers for their employees;
(8) Any person who, at the request of a debtor, arranges for or makes a loan to the debtor and who, at the authorization of the debtor, acts as an adjuster of the debtor's debts in the disbursement of the proceeds of the loan without compensation for the services rendered in adjusting the debts;
(9) Any person serving as a mediator pursuant to chapter 54-13; or
(10) Any person who files and maintains with the attorney general a bond to be approved by the attorney general in the penal sum of fifty thousand dollars conditioned for the faithful performance and payment of obligations of such debt adjuster arising in connection with his business as such, and for the payment of all claims for damages for which he may become liable in the course of his business as a debt adjuster.
Source: SL 1990, ch 387, § 3; SL 1991, ch 196; SL 1993, ch 181; SDCL § 22-47-3; SL 2005, ch 120, § 295.
Frequently Asked Questions About South Dakota § 37-34-3
What does South Dakota Codified Laws § 37-34-3 cover?
Section 37-34-3 ("Exceptions.") 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 § 37-34-3?
A common citation format is "South Dakota Codified Laws § 37-34-3" (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 § 37-34-3 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.