Title 37 — TRADE REGULATION
48 chapters · 598 sections in this title.
SDCL § 37-34-1 Debt adjusting defined
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The term, debt adjusting, means the making of a contract, express or implied, with a debtor whereby the debtor agrees to pay a certain amount of money or other thing of value periodically to the person engaged in the debt-adjusting business who shall, for consideration, distribut…
SDCL § 37-34-2 Debt adjusting--Misdemeanor
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Except as provided in § 37-34-3 , no person may engage in the business of debt adjusting. A violation of this section is a Class 2 misdemeanor. Source: SL 1990, ch 387 , § 2; SDCL § 22-47-2; SL 2005, ch 120 , § 295.
SDCL § 37-34-3 Exceptions
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Section 37-34-2 does not apply to: (1) Debt adjusting incurred incidentally in the lawful practice of law in this state; (2) Banks and fiduciaries duly authorized and admitted to transact business in this state and performing credit and financial adjusting service in the regular …