Statutes > South Dakota Statutes > Title 51A - BANKS AND BANKING > Chapter 12 - Bank Loans > Section 51A-12-15 - Compounding interest and service fees.

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

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.