Statutes > South Dakota Statutes > Title 54 - DEBTOR AND CREDITOR > Chapter 03A - Consumer Installment Sales Contracts > Section 54-3A-8.1 - Restriction on use of rule.

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

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.