<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 54-3-16 - Official state interest rates. </title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2072179Normal { text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s2072179SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2072179CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2072179Normal-000000 { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s2072179DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s2072179Normal-000001 { margin-left: 0.70in; text-indent: -0.45in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-right: 0; margin-bottom: .001pt; } span.s2072179DefaultParagraphFont-000002 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2072179000003 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2072179SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2072179SCL-000004 { 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="s2072179Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=54-3-16"><span class="s2072179SENU">54-3-16</span></a><span xml:space="preserve" class="s2072179SENU">. </span><span class="s2072179CL">Official state interest rates.</span></p><p dir="ltr" class="s2072179Normal-000000"><span class="s2072179DefaultParagraphFont">The official state interest rates, as referenced throughout the South Dakota Codified Laws, are as follows:</span></p><p dir="ltr" class="s2072179Normal-000001"><span class="s2072179DefaultParagraphFont">(1)    Category A rate of interest is four and one</span><span class="s2072179DefaultParagraphFont-000002">-</span><span class="s2072179DefaultParagraphFont">half percent per year;</span></p><p dir="ltr" class="s2072179Normal-000001"><span class="s2072179DefaultParagraphFont">(2)    Category B rate of interest is ten percent per year;</span></p><p dir="ltr" class="s2072179Normal-000001"><span class="s2072179DefaultParagraphFont">(3)    Category C rate of interest is twelve percent per year;</span></p><p dir="ltr" class="s2072179Normal-000001"><span class="s2072179DefaultParagraphFont">(4)    Category D rate of interest is one percent per month or fraction thereof;</span></p><p dir="ltr" class="s2072179Normal-000001"><span class="s2072179DefaultParagraphFont">(5)    Category E rate of interest is four percent per year;</span></p><p dir="ltr" class="s2072179Normal-000001"><span class="s2072179DefaultParagraphFont">(6)    Category F rate of interest is fifteen percent per year; and</span></p><p dir="ltr" class="s2072179Normal-000001"><span class="s2072179DefaultParagraphFont">(7)    Category G rate of interest is five</span><span class="s2072179DefaultParagraphFont-000002">-</span><span class="s2072179DefaultParagraphFont">sixth percent per month or fraction thereof.</span></p><p dir="ltr" class="s2072179Normal"><span xml:space="preserve" class="s2072179000003"> </span></p><p dir="ltr" class="s2072179Normal"><span class="s2072179SCL">Source:</span><span xml:space="preserve" class="s2072179SCL-000004"> SL 1984, ch 319, § 1; SL 1987, ch 362; SL 1994, ch 366, § 1; SL 2000, ch 226, § 1.</span></p></div></body></html>