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Code · South Dakota · Title 54 · Chapter 54-4

54-4-66. Maximum amount of payday loan--Violation as misdemeanor.

45 words·~1 min read·/sd/title-54/chapter-54-4/54-4-66

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The maximum principal amount of any payday loan, or the total outstanding principal balances of all payday loans made by a licensee to a single borrower, may not exceed five hundred dollars at any time. A violation of this section is a Class 1 misdemeanor.
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