A licensee pursuant to this chapter may enter into debt cancellation contracts and debt suspension contracts and charge a fee for those contracts in connection with any extension of credit that it makes, purchases, or of which it accepts assignment. Source: SL 2012, ch 235 , § 4.
Debt cancellation contracts and debt suspension contracts permitted
SDCL § 54-4-75 — under MONEY LENDING LICENSES.
SDCL § 54-4-75