<html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 54-3-13 - Regulated lenders exempt from interest rate limitations and usury statutes. </title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2072176Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2072176SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2072176CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2072176Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2072176DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2072176000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2072176SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2072176SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } body { text-decoration-skip-ink: none; } </style></head><body><div><p dir="ltr" class="s2072176Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=54-3-13"><span class="s2072176SENU">54-3-13</span></a><span xml:space="preserve" class="s2072176SENU">. </span><span class="s2072176CL">Regulated lenders exempt from interest rate limitations and usury statutes.</span></p><p dir="ltr" class="s2072176Normal-000000"><span xml:space="preserve" class="s2072176DefaultParagraphFont">Regulated lenders are exempt from all limitations on the rate of interest which they may charge and are further exempt from the operation and effect of all usury statutes, except as is otherwise provided in § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=54-3-14"><span class="s2072176DefaultParagraphFont">54-3-14</span></a><span xml:space="preserve" class="s2072176DefaultParagraphFont">. Regulated lenders and their assignees are further exempt from the prohibition, operation, and effect of § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=15-17-39"><span class="s2072176DefaultParagraphFont">15-17-39</span></a><span class="s2072176DefaultParagraphFont">, and regulated lenders and their assignees may recover reasonable attorney's fees in the case of default of payment if provided for in the note, bond, mortgage, or other evidence of debt.</span></p><p dir="ltr" class="s2072176Normal"><span xml:space="preserve" class="s2072176000001"> </span></p><p dir="ltr" class="s2072176Normal"><span class="s2072176SCL">Source:</span><span xml:space="preserve" class="s2072176SCL-000002"> SL 1980, ch 335, § 2; SL 1996, ch 283.</span></p></div></body></html>