# S.D. Codified Laws § 54-3-13: Regulated lenders exempt from interest rate limitations and usury statutes

> South Dakota · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_SD_T54_C3_S54-3-13

## Section

- **Citation:** S.D. Codified Laws § 54-3-13
- **Heading:** Regulated lenders exempt from interest rate limitations and usury statutes
- **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 54-3-13

## Text

Regulated lenders are exempt from all limitations on the rate of interest which they may charge and are further exempt from the operation and effect of all usury statutes, except as is otherwise provided in § 54-3-14 . Regulated lenders and their assignees are further exempt from the prohibition, operation, and effect of § 15-17-39 , and regulated lenders and their assignees may recover reasonable attorney's fees in the case of default of payment if provided for in the note, bond, mortgage, or other evidence of debt.

Source: SL 1980, ch 335, § 2; SL 1996, ch 283.

## 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_S54-3-13. Check the current official text before relying on it. Not legal advice.