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54-3-16Official state interest rates.

The official state interest rates, as referenced throughout the South Dakota Codified Laws, are as follows:

(1)    Category A rate of interest is four and one-half percent per year;

(2)    Category B rate of interest is ten percent per year;

(3)    Category C rate of interest is twelve percent per year;

(4)    Category D rate of interest is one percent per month or fraction thereof;

(5)    Category E rate of interest is four percent per year;

(6)    Category F rate of interest is fifteen percent per year; and

(7)    Category G rate of interest is five-sixth percent per month or fraction thereof.

Source: SL 1984, ch 319, § 1; SL 1987, ch 362; SL 1994, ch 366, § 1; SL 2000, ch 226, § 1.

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