South Dakota § 54-3A-12 - Imposition and collection of delinquency charge.
Full text of South Dakota South Dakota Codified Laws § 54-3A-12 — Imposition and collection of delinquency charge., with citation guidance and answers to common questions.
§ 54-3A-12. Imposition and collection of delinquency charge.
The holder of a contract authorized by this chapter may, if the contract so provides, collect a delinquency and collection charge on each installment in arrears for a period of not less than ten days in an amount not in excess of five percent of each installment or five dollars, whichever is greater.
Any delinquency or collection charge may be collected only once on any one installment however long the installment remains delinquent.
Source: SL 1974, ch 305, § 9; SL 1975, ch 299, § 4; SL 1986, ch 405, § 6; SL 1990, ch 384, § 1; SL 1999, ch 238, § 1.
Source: official South Dakota text · Last verified 2026-08-27
Frequently Asked Questions About South Dakota § 54-3A-12
What does South Dakota Codified Laws § 54-3A-12 cover?
Section 54-3A-12 ("Imposition and collection of delinquency charge.") 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 § 54-3A-12?
A common citation format is "South Dakota Codified Laws § 54-3A-12" (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 § 54-3A-12 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.