Restriction on use of rule.

  1. Law
  2. South Dakota Codified Laws
  3. Debtor and Creditor
  4. Consumer Installment Sales Contracts
  5. Restriction on use of rule.

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54-3A-8.1. Restriction on use of rule.

The Rule of 78 as defined in §54-3A-8 may not be used in any consumer installment sales contract. The Rule of 78 may, however, be used to compute the unearned premium on insurance.

Source: SL 1984, ch 320, §1.


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