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§ 54-4-37 Entities exempt from chapter provisions.

SD Codified L § 54-4-37 (2019) (N/A)
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54-4-37. Entities exempt from chapter provisions. The following entities are exempt from the provisions of this chapter:

(1) Any state bank and its subsidiary;

(2) Any national bank and its subsidiary;

(3) Any bank holding company and its subsidiary;

(4) Any other federally insured financial institution, its holding company and subsidiary; and

(5) Any South Dakota chartered trust company.Source: SL 1998, ch 280, § 2; SL 1999, ch 239, § 1; SL 2004, ch 292, § 1.

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§ 54-4-37.1 Exemption for originating, selling, servicing, or acquiring five or fewer loans in twelve-month period where total of outstanding loans under certain amount--Annual report.