South Dakota Debt Collection Laws

In addition to being regulated by the Fair Debt Collection Practices Act (FDCPA), South Dakota collection agencies are also regulated by South Dakota debt collection laws. Discover: South Dakota collection requirements, bad check laws (NSF), statutes of limitations for both debts and judgments, garnishments plus South Dakota collection agency license and bonding information.

Summary of the South Dakota fair debt collection practices laws:

SOUTH DAKOTA INTEREST RATE

Legal: 12%
Judgment: 10%

SOUTH DAKOTA STATUTE OF LIMITATIONS |in years|

Open Accounts: 6
Sale of Goods: 4
Written Contract: 6
Domestic Judgment: 20
Foreign Judgment: 10

SOUTH DAKOTA BAD CHECK LAWS |NSF|

N/A

SOUTH DAKOTA WAGE GARNISHMENT EXEMPTIONS

20% of the individuals disposable earnings for a 60 day period

SOUTH DAKOTA COLLECTION AGENCY BONDING and LICENSING REQUIREMENTS

Bond: No
License: No
Fee: No

Below is the South Dakota debt collection statute:

We could not locate a South Dakota state statute regulating debt collection agencies. That does not mean one does not exist.

South Dakota Debt Collection Laws

Knowing and abiding to the proper South Dakota debt collection laws is important for both creditors and collection agencies alike. There are debtor’s rights attorneys who are just waiting for creditors or collection agencies to slip up. If you mistakenly violate the South Dakota debt collection laws, you could create a liability for your business and even open yourself up to a expensive lawsuit.

Please note: South Dakota debt collection laws can change over time, and you need to consult with an attorney before you use this information.

South Dakota Debt Collection Laws

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