Exemption from federal preemption of state usury laws.

  1. Law
  2. South Dakota Codified Laws
  3. Debtor and Creditor
  4. Interest And Usury
  5. Exemption from federal preemption of state usury laws.

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54-3-15.Exemption from federal preemption of state usury laws.

The provisions of 12 U.S. C. 1735f-7, 12 U.S.C. 86a and 15 U.S.C. 687 in effect on December 31, 1980, which preempt state usury laws, do not apply to loans made in the state of South Dakota.

Source: SL 1981, ch 351.


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