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State of South Dakota
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EIGHTY-SECOND SESSION LEGISLATIVE ASSEMBLY, 2007 |
| 571N0405 |
HOUSE BILL
NO.
1137
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Introduced by:
Representatives Glenski, Cutler, Halverson, Miles, Pitts, Sigdestad, Van
Etten, and Willadsen and Senators Hauge, Abdallah, Albers, Gray, Hansen
(Tom), Nesselhuf, Peterson (Jim), and Smidt (Orville)
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FOR AN ACT ENTITLED, An Act to
prohibit certain money lenders from providing a
subsequent short-term consumer loan without some intervening time.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF SOUTH DAKOTA:
Section 1. That chapter 54-4 be amended by adding thereto a NEW SECTION to read as follows:
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF SOUTH DAKOTA:
Section 1. That chapter 54-4 be amended by adding thereto a NEW SECTION to read as follows:
No licensee may enter into a short-term consumer loan contract with any person with whom
the licensee has had a previous short-term consumer loan contract unless three business days
have elapsed since the previous short-term consumer loan contract has been paid in full.
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250 copies of this document were printed by the South Dakota Legislative Research Council at a cost of $.038 per page. |
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Insertions into existing statutes are indicated by underscores. Deletions from existing statutes are indicated by |
