Compounding interest and service fees.

  1. Law
  2. South Dakota Codified Laws
  3. Banks and Banking
  4. Bank Loans
  5. Compounding interest and service fees.

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51A-12-15. Compounding interest and service fees.

A bank may compound the interest or service fees charged on loans when disclosed in writing to the borrower.

Source: SL 1981, ch 346, §62; SDCL, §51-24-16.


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