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SDLast updated: 2026-01
South Dakota Regulations
Comprehensive guide to seller financing laws, usury limits, and disclosure requirements in South Dakota.
Maximum Interest Rate
None
Business exemptions may apply
Usury Laws
Interest rate limits and penalties
Maximum Rate
No Limit
Penalty Type
No specific penalty
Notes
South Dakota has no usury statute. Any rate permitted by contract.
Business Exemption
South Dakota has no usury limit.
Seller Financing Requirements
Disclosures, licensing, and restrictions
Required Disclosures
- Seller's Property Condition Disclosure Statement
- Lead-based paint disclosure (pre-1978)
Licensing Required
No license required
No license required for seller financing own property.
Consumer Protection
Applicable laws protecting buyers
- South Dakota Deceptive Trade Practices Act
Real Estate Specifics
Foreclosure process and property laws
- Mortgage state (judicial foreclosure)
- 180-day redemption period (1 year for agricultural)
- Deficiency judgments allowed
Legal Disclaimer
This information about South Dakota regulations is provided for educational purposes only and does not constitute legal or tax advice. Laws change frequently and vary by county and municipality. Always verify current regulations with a licensed South Dakota attorney before entering into any seller financing arrangement.