State of South Dakota  
EIGHTY-SECOND SESSION
LEGISLATIVE ASSEMBLY,  2007  

571N0405  
HOUSE BILL   NO.     1137  

Introduced by:     Representatives Glenski, Cutler, Halverson, Miles, Pitts, Sigdestad, Van Etten, and Willadsen and Senators Hauge, Abdallah, Albers, Gray, Hansen (Tom), Nesselhuf, Peterson (Jim), and Smidt (Orville)  


         FOR AN ACT ENTITLED, An Act to  prohibit certain money lenders from providing a subsequent short-term consumer loan without some intervening time.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF SOUTH DAKOTA:
     Section  1.  That chapter 54-4 be amended by adding thereto a NEW SECTION to read as follows:
     No licensee may enter into a short-term consumer loan contract with any person with whom the licensee has had a previous short-term consumer loan contract unless three business days have elapsed since the previous short-term consumer loan contract has been paid in full.

250 copies of this document were printed by the South Dakota
Legislative Research Council at a cost of $.038 per page.   		.   Insertions into existing statutes are indicated by underscores.
Deletions from existing statutes are indicated by overstrikes.