Credit unemployment insurance not required by lender in consumer transactions.

  1. Law
  2. South Dakota Codified Laws
  3. Insurance
  4. Credit Life, Health, Unemployment And Group Property Insurance
  5. Credit unemployment insurance not required by lender in consumer transactions.

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58-19-40. Credit unemployment insurance not required by lender in consumer transactions.

Credit unemployment insurance may be offered but in no event may be required by the lender in consumer transactions. This shall be clearly and conspicuously disclosed to the consumer in the loan agreement.

Source: SL 1987, ch 380, §2.


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