South Dakota § 54-4-58 - Information required in contract.
Full text of South Dakota South Dakota Codified Laws § 54-4-58 — Information required in contract., with citation guidance and answers to common questions.
§ 54-4-58. Information required in contract.
The licensee shall disclose in any loan contract the following:
(1) The amount and date of the loan;
(2) The amount of the down payment, if any;
(3) The dates any payments are due and the amount of payments;
(4) A list of any property used to secure the loan;
(5) Any liens or title filings required;
(6) The method used to compute the charges;
(7) An explanation of any fee or charge, including the cost of the loan as an annual percentage rate (APR);
(8) Any fee or charge that may be applied for delinquency;
(9) The conditions for an extension of payment or maturity of the loan;
(10) Refinancing requirements, including any fee or charge; and
(11) The address and telephone number of the Division of Banking and that any improprieties in making the loan or in loan practices may be referred to the division.
The licensee shall provide a copy of the loan contract to the debtor. A violation of this section is a Class 2 misdemeanor.
Source: SL 1998, ch 280, § 23; SL 2006, ch 245, § 2.
Source: official South Dakota text · Last verified 2026-08-27
Frequently Asked Questions About South Dakota § 54-4-58
What does South Dakota Codified Laws § 54-4-58 cover?
Section 54-4-58 ("Information required in contract.") 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 § 54-4-58?
A common citation format is "South Dakota Codified Laws § 54-4-58" (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 § 54-4-58 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.