# S.D. Codified Laws § 54-3-1: Interest defined

> South Dakota · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_SD_T54_C3_S54-3-1

## Section

- **Citation:** S.D. Codified Laws § 54-3-1
- **Heading:** Interest defined
- **Jurisdiction:** South Dakota
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** SD Code / Title 54 / Chapter 3 / Section 54-3-1

## Text

Interest is the compensation allowed by law for the use, or forbearance, or detention of money or its equivalent, including without limitation, points, loan origination fees, credit service or carrying charges, charges for unanticipated late payments, and any other charges, direct or indirect, as an incident to or as a condition of the extension of credit. These charges do not include charges made by a third party.

Source: CivC 1877, § 1095; CL 1887, § 3718; RCivC 1903, § 1414; RC 1919, § 1037; SDC 1939, § 38.0103; SL 1987, ch 360, § 3.

## Nearby sections

- [S.D. Codified Laws § 54-3-1 Interest defined](https://www.frixlaw.com/law-library/statutes/STATE_SD_T54_C3_S54-3-1.md)
- [S.D. Codified Laws § 54-3-1.1 Rate of interest set by written agreement--No maximum or usury restriction](https://www.frixlaw.com/law-library/statutes/STATE_SD_T54_C3_S54-3-1.1.md)
- [S.D. Codified Laws § 54-3-2 Loan of money--Presumption as to interest](https://www.frixlaw.com/law-library/statutes/STATE_SD_T54_C3_S54-3-2.md)
- [S.D. Codified Laws § 54-3-3 Annual rate of interest where not specified](https://www.frixlaw.com/law-library/statutes/STATE_SD_T54_C3_S54-3-3.md)
- [S.D. Codified Laws § 54-3-4 Maximum rate of interest where no rate specified--Commencement where date not specified](https://www.frixlaw.com/law-library/statutes/STATE_SD_T54_C3_S54-3-4.md)
- [S.D. Codified Laws § 54-3-5 Interest on moneys after they become due--Exception for express contracts or interest rate on bill, statement, or invoice--Limitation on interest rate](https://www.frixlaw.com/law-library/statutes/STATE_SD_T54_C3_S54-3-5.md)
- [S.D. Codified Laws § 54-3-5.1 Interest on judgments, statutory liens and inverse condemnations](https://www.frixlaw.com/law-library/statutes/STATE_SD_T54_C3_S54-3-5.1.md)
- [S.D. Codified Laws § 54-3-6 Legal rate of interest stipulated by contract after breach](https://www.frixlaw.com/law-library/statutes/STATE_SD_T54_C3_S54-3-6.md)
- [S.D. Codified Laws § 54-3-8 Interest on loan--Advance deduction](https://www.frixlaw.com/law-library/statutes/STATE_SD_T54_C3_S54-3-8.md)
- [S.D. Codified Laws § 54-3-13 Regulated lenders exempt from interest rate limitations and usury statutes](https://www.frixlaw.com/law-library/statutes/STATE_SD_T54_C3_S54-3-13.md)
- [S.D. Codified Laws § 54-3-14 Regulated lenders defined](https://www.frixlaw.com/law-library/statutes/STATE_SD_T54_C3_S54-3-14.md)
- [S.D. Codified Laws § 54-3-15 Exemption from federal preemption of state usury laws](https://www.frixlaw.com/law-library/statutes/STATE_SD_T54_C3_S54-3-15.md)
- [S.D. Codified Laws § 54-3-16 Official state interest rates](https://www.frixlaw.com/law-library/statutes/STATE_SD_T54_C3_S54-3-16.md)
- [S.D. Codified Laws § 54-3-17 Recommendations for amendment of official rates](https://www.frixlaw.com/law-library/statutes/STATE_SD_T54_C3_S54-3-17.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_SD_T54_C3_S54-3-1. Check the current official text before relying on it. Not legal advice.