# S.D. Codified Laws § 54-3-8: Interest on loan--Advance deduction

> South Dakota · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_SD_T54_C3_S54-3-8

## Section

- **Citation:** S.D. Codified Laws § 54-3-8
- **Heading:** Interest on loan--Advance deduction
- **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 54-3-8

## Text

The interest which would become due at the end of the term for which a loan is made, not exceeding one year's interest in all, may be deducted from the loan in advance if the parties thus agree.

Source: CivC 1877, § 1099; CL 1887, § 3722; RCivC 1903, § 1418; RC 1919, § 1043; SDC 1939, § 38.0105.

## 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_S54-3-8. Check the current official text before relying on it. Not legal advice.