Preview
FILED
DALLAS COUNTY
1/21/2020 5:01 PM
mfifiEfiTEfiE
NO. DC- 1 9-05009
CITIBANK, NA. § IN THE 116th JUDICIAL
§
VS. § DISTRICT COURT OF
§
RUBINA AMIR § DALLAS COUNTY, TEXAS
CITIBANK’S MOTION FOR JUDICIAL NOTICE
0F THE LAWS 0F SOUTH DAKOTA AND OTHER FOREIGN LAW
Plaintiff, Citibank, files this Motion for Judicial Notice 0fthe Laws 0f South Dakota and
Other Foreign Law, and in support provides the following:
A. INTRODUCTION
l. C itibank bro ught this claim against Defendant for the collection ofa debt arising from
charges andfor cash advances made by Defendant using a credit card furnished by the Plaintiff.
Plaintiff is seeking amounts due for unpaid charges, accumulated interest, fees and attorney fees.
2. South Dakota law relating to interest rates is important t0 this case because pursuant
Bank Act, a national bank may charge its customers interest at the rate allowed by
t0 the National
the state where the bank is located. Plaintiff is a national bank located in Sioux Falls, South Dakota.
3. Plaintiff asks the Court to take judicial notice of South Dakota law concerning
interest rates and additional laws governing credit cards and revolving charge accounts found at
54-3—14, 54-3-1 6,
South Dakota Codified Laws Sections 54-3-1.1, 54-3-2, 54-3-4, 54—3-5, 54-3-13,
54-1 -1, 54-1 1-5, 54-] 1-6.1, 54-1 1-6.2, 54-] 1-6.3, 54-1 1-9, 54-11-10, and 54-1 1-1 1. Said Sections
1
are attached hereto and marked as Exhibit A. In addition, Plaintiffreserves the right to supplement i
\
any and a1! 0fthese Sections. Plaintiff incorporates herein the Claim and supporting documents 0n
file in this claim as well as the authorities cited therein, as support for this Motion and the
necessary
information for the Court t0 take judicial notice of South Dakota law and other foreign law.
B. ARGUMENTS AND AUTHORITIES
4. Citibank is a national bank located in Sioux Falls, South Dakota. Citibank is
organized under federal law (the National Bank Act at Title 12 0fthe United States Code) and is
regulated by the Office Ofthe Comptroller 0fthe Currency in Washington, D.C. National banks are
instrumentalities ofthe federal government and, as such, are protected from state regulation (except
0f the
t0 the extent permitted by the United States Congress) by virtue 0f the Supremacy Clause
United States Constitution as interpreted judicially by the rules compromising the preemption
doctrine. Marquette National Baflk QfMinneapoh's v. First omeaha Services, (1978) 99 S. Ct. 540,
545.
this case
S. South Dakota laws relating to interest rates are important and relevant t0
because part of Plaintiff” s claim is for the recovery 0f interest charges incurred with the subject credit
card. Citibank has charged interest for the subject credit card account at
the legal rates allowed by
federal laws and the laws of the state 0f South Dakota.
6. Section 30 of the National Bank Act of 1864, Rev. Stat. § 5197, as amended, 12
loan customers “interest at the rate allowed
U.S.C. § 85, provides that a national bank may charge its
by the laws 0f the State...where the bank is located.” Smifey v. Citibank (South Dakota), NA, 517
U.S. 735, 737 (1996); See Patten v. Maryland Bank, NA, 126 S.W. 3d 532, 533 (Tex.App.-
Houston [1
5‘
Dist] 2003, n0 pet.) citing Marquette Nat. Bank ofMinneapofis v. First omeaha Sew.
Corp, 439 U.S. 299, 308, 99 S. Ct. 540, 545 (1978). The National Bank Act of 1 864 preempts state
law. Patten, 126 S.W.3d at 534; Smiiey v. Citibank (South Dakota), NA, 517 U.S. 735, 744, 116
when determining Whether the interest and fees charged by
S. Ct. 1730, 1735 (19.96). Therefore,
where Citibank
were appropriate, the Court must consider the law 0f South Dakota,
is
Plaintiff
located.
in a credit
7. Additional provisions 0f South Dakota law regarding contract formation
Plaintiff seeks recovery for breach 0f
card agreement are also important and relevant t0 this case as
Plaintiff has established the formation of a contract between itself and the Defendant
contract.
pursuant t0 the terms 0f South Dakota law.
8. On the motion ofthe party, a Court must take judicial notice ofthe constitutions,
public statutes, rules, regulations, ordinances, court decisions, and common law ofevery other state,
territory orjurisdiction Ofthe United States, Tex.R.Evid. 202.
9. If a party makes a written request that a court takejudicial notice 0f foreign state law
and supplies the court with sufficient information, the court must take judicial notice 0f the law.
Tex.R.Evid. 202; see Daugherty v. Southern RT. Ca, 772 S.W.2d 81, 33 (Tex. 1989). Plaintiff
incorporates herein the Motions on file in this claim as well as the authorities cited therein, as
support for this Motion and the necessary information for the Court t0 takejudicial notice 0f South
Dakota law.
C. CONCLUSION
10. Plaintiff is located in the state 0f South Dakota and is a National Bank. Because
Citibank is a National Bank, it is governed by the National Bank Act which provides that a national
bank may charge its customers interest at the rate allowed by the laws 0f the State . . . where the bank
is located. Additionally, the Terms and Conditions governing the Agreement between Plaintiffand
Defendant includes a choice 0f law provision stating that South Dakota law governs the agreement.
Citibank is located in the state 0f South Dakota. Therefore, the laws 0fthe state of South Dakota are
important to the subject claim and the Court should take judicial notice ofthe Codified Laws of
South Dakota Sections 54-3-1 . l
,
54-3-2, 54-3-4, 54—3-5, 54-3- 1 3, 54-3- 1 4, 54-3- l 6, 54-1 1-1, 54-1 1-
5, 54-1 1-6.1, 54-1 1-6.3, 54-1 1-9, 54-1 1-10, and 54-1 1—1 I.
Respectfully Submitted,
MOSS LAW FIRM, P.C.
P.0. Box 3340, Lubbock, Texas 79452-3340
Phone: (806) 796-7375 I Fax: (806) 771-0062
Email: e-Service lawfirmpc.com
By:
Michael A. Moss, State Bar No. 24054360
ATTORNEYS FOR PLAINTIFF
CERTIFICATE 0F SERVICE
This is to certify that a true and correct copy 0f the above and foregoing instrument has been
served upon the following 0n the Z! day ofJanuary, 2020.
ATTORNEYS FOR DEFENDANT:
Via Certified Mail #3 9489009000276087205594
Robert M. Clark
4627 North Central Expressway Knox Central Place, Suite 200
Dallas TX 75205-4022
Michael A. Moss
NOTICE TO DEFENDANT
We are attorney debt collectors attempting t0 collect a debt and any further information obtained will
be used for that purpose.
Page l
LEXSTATSB. CODWI'ED LAWS 5 54441
LexisNexis (R) South Dakota Sunucs Annotated
Copyrigm 2005
A11 rights mscwcd
‘‘“ THIS DOCUMENT i5 CURRENT HEIGUGH ALL 2006 LEGIS. 4k S. Cf. RULE 0667 ' "
"' ANNOTATIDNS CURRENI‘ THROUGH NOVEMBER l5. 2006 "'
THLE 54. 088m AND CREDITOR.
CHAPTER 54-3. INIERESF AND USURX
G0 TH SOUTH DAKOTA. STA‘I‘II'I'ES ARCHIVE DIRECTORY
summed Laws§ 54-34.: (2006}
§ 54-341-
m “film a maximum inlmt mu 0r dmgl: is Specificaiiy established elsewhere Eu
tntcs.
mt: ct dwgc. at
lilo code, time Es
myntc restriction bctwmu (x among pursues. cmyoraflons. Limited liability companies, cs-
fiduciarim, associalioas, m“ any admit altitics if they establish the inflame! rate or
no maximum in-
charge by Written agreement. A
mitten agrmucnt includc; the contract mated by § S4~l l -9.
muahmuma; 3r.1932,::h34£,§ I; |93'7,d1360,§ 4; [994.ch 3SI.§ m.
Page E
LEXSTAT SJ). CODIFIED LAWS § 544-2
unisucxis (R) South Dakota Sum lam
Cnpnight 2005
Ml tights {mad
"‘ THIS 000W CURREHTMOUGH ALL 2006 LEGIS. Jr. S- CT. R[JLE 06-67
"‘
m
{S
” ANNOTAIIONS CURRENT THROUGH MOWER
' 15. 2006
'"
TITLE $4. 050mg. arm mama
cwrea 54-3. AND usuav
(:0 T0 SOMi DMCOTA STATUTES ARCHIVE DIRECTORY
3.1}. Cadifiud Laws § 54-3-2 (2006}
§ 54 6—2-
Whenever a lonn'nf money is made i1 is prwumcd m be made um“ intutst, tmlcss it is outmisz expressly stiputatcd
at me time in writ Eng.
[HSTORYzmurocc 30C I939. § 38.0104.
Page l
LEXS TATSD. CODWIED LAWS fi 54-3-4
“* THIS WW IS
All {{ng m
chisNuisz) Saul: Dakota Stanza: Mumamd
Cupyn‘guloos
WOLFE“ ALLZWG LEGIS- 8: S.CT. RULEDG-E'I "‘
'" ANNO'I‘KI'IONS CIJRRENT THROUGH NOVEMBER. 15. 2006 "‘
TITLE $1. DEBTOR. AND CREDITOR.
CHAPTER 5d-‘3- INTEREST AND USURY
GO TO SOUTH DAKOTA STATUTES ARCHIVE DIRECTORY
snxmditied Laws; 54-3-4 (zoos)
_§ 54.34-
Unda' an obligation tn pay
the panics luv: 0mm W no rah: being specified. film is payalnlc fibm dam of Wreck): ofdubt, uulfis
agreed, at amaximum me ufthe (321%an mtg ofinmrm as cstahl'tshod in § 54-346, and
mm
in flu: 1M: proportion for a longer om: shorts:- tcmn. in {ha cumputatimt ofintnrcst fur lcss than a year, hundred sixty
days mdomned m constitute z year.
HISTORY: Sauna: 50C 1939. § 38.0 [03: I980, d1 136, § I; 1981. d1 341, § 2: I984, ch 319. §_ 341.
LEXSTAT: SD. CODKFEED LAWS § 54-3 -5
{axisflaxis (R3 South Dakota 8mm Amman!
Copyright 1005
ME (W5 waved
"' THIS DOCUMENTIS CURRENT THROUGH 11.11.1006 [£613. & S.CI‘. RULEGfi-G? ““
""' ANNOTA'HONS COW HEWGH NOWER 1.5. 2006 ""
mma mm emu 0301?
mus 063mg»!!! cnmrroa
54.
54-3.
GO T0 SOUTH DAKOTA STATUTES ARCHIVE DIRECI'O RY
3.9. Codified Laws 5 546-5 (2006}
§ 54—1-5. [11mm rat: an moneys aflu' Ihcy becomc due - FqultRuu
Balm mete is an cxpt'm contract {p writing fixing a diffemnt ram or iutdm talc cleariy appears m the bill.
1114:
mm, an mac}: 11th:: Category Fm
of {um as QaahIishod En § 54-346
W
at itwoicc, EnscmSt is payable all
afterdmybmmcduuonanyimmcm ofwritingandon moncysMonkmmany micmcm ofaqcounts; finmthe
dayoawhiéhtkchalmc
human rate {m a hill,
ESWMW
3mm,
mysrmivedm themeofamdmmdduained
or invoice may not cxoeui cighbom pennant.
[Emu that othcr. Any
xrm'oatzsmm; soc mag 13mm;31. 1972,:5257; 191.5,ch297; monnm 2; wand: 343; 1934,¢h
319,5 15; 1994.13; 365,5 t; zoos.¢1ss.§ 1-
Page l
LEXSTKT SD. CODEFHEU LAWS § 5464 3
' ” THIS m
" '
[J:Iichxis (R) South Dakota Statutts Annotated
i5
ANNOTA‘ITUHS
WMMIGH
Owiwmos
nu raging mama
ALL-ZOM LEGIS 5:81:12 RULE 06-67 ‘"
CURRW THROUGH NOVEMBER
1111.8 S4.
{Jim
DEBTORAND CREDITOR
54—3. INTEREST AH!) USURY
15. 2006 ' "
GO TO SOUTH QAKOTA STATUTES mCIIIVE DIRECI'GRY
snadifiaduwfi 54-1.13 mos}
5 54-3-13.
Rnguhmd tandem m: exculpt finm ail lim‘itatiom 0a Ilse mt: of imam winch they may chargc and am fimhrt cxrmpt
fium the opmatioa and effect ofatl usury statutes, crap! as is oihqwisc provided i115 54—344. Regulated {cadets and
dmir nfimccs arc [what arcing; {Ema tho [xolu‘bitiom npaaflon, a_nd ctfect of § (541-39, and rcgu‘um' mus and
319i: migm may
“Mpg; or 0211a
mm
mm rqsmahic attorney's
afdebt.
the: in the m_ofdafauk. afpaymmt ifpmvidod for in the mtg. baud.
HISTORY: Source; 8L [980‘ ch 335,§ 1; I996, £11283.
Pagc t
uaxsrm 5.0. 00:3:me mwss 54-344
Lnxisflcxis (a) Soul}: Dakota saunas Ammund
Copyright 200$
THIS DOCUI-{Iflfl' [3 CURRFNI‘IHKDWH ALL 2006 lEGlS. k S. CT. RULE 96-67
‘ "" "" '
“' ANNOTAHONS W1? THROUGH NOVEMBER IS, 2006 "‘
THLE 5*.
CENTERS'CJ.
088m AND
WEST AND USURY
WK.
C0 TI) SOUR! {IAKBTA STATUTES ARCHIVE DIRECTORY
3.3. Codified Laws § Sd-‘lrlll (2006)
5 54-3-14.
The term “regulated Indus” as usad in § 544-1 3 means:
(I) A bank mganizod pursuant co chapter SlA—l, e: seq;
(2) A humanized pmsuant ta [2 (13C. § 21;
(3} A trust company 0:ng pursuant ta dupmr S A6;
I
(4) A savings and loan msncimim mganiznd pursuant tn chapter $24. fl. seq;
(5) A saving: and loan associaioa organised Wynn: m I2 USE. § 1461;
association which udmidiary is
(6) Any wholly owncd subsidiary of a state or ['hderal bank or savings and loan
subject to mammalian by 111C complmlicr (If the 0r llu: my.
Federal 163m: systmu, or the. Saudi Dakota DiVifiia II
which suhsidiuy has been appmvcd by the United State's acacia?
Md
of Banh'ng, or (ha federal home: iom bank board
of housing and urban dcvdopmmc for panicipatim in any rummage: humane: pregnant under the Nashua! Homing.-
Ad“.
(7) A {edwal had bank organized pursuaatto l1 US.C.§ 20H:
(3) eh. fcdcral laud bank association organized mama: (a 12 U.S.C. § 20} l;
(9) A pmductim: crodit mowing organized pursuant to l2 USL‘. § ?fl“) l;
{I0} A federal Entamodiatc atdit hank orgmimd pursuant to t2 USE. fi 1071;
(I i) An agricufilml cred“ mrwlraiiou or livcsmck loan company or its affiliam, llm {Kimipal basin»: :5 ofuhim
matimx as I11: cxtcnsiou of slum and intamcdialc tam cmiiz :o fumm's and rmclm.‘
{12} A fcduaj credit union mgmizcd pursuam tn l2 (331:1 § ”S 3;
(l 31 A frxlcral financing bank organized pm'suam {o ll USE. § 2281',
(M) A {mm norm: loan bmkorgauinxi pursuant to ll 03.05 243.}, ct '5.ch
(I S) ('6. national cunsumcrcmpcrativc hank organizctl pursuant to I2 [1.313. § 30% i;
([6) A bank {or coopenlivcs organizcd pursuant £0 l2 U3.C-§ 212k
(i7) Bunk lzctdmgcmupauics nrgmimd pennant (o l2 US (2.. 3,; [34L ct seq ;
(IE) National Hmnmwncrsluip [’omdalfim organized lnusumt I0 ll USE. § [?flly;
Pagcl
SD. Codified Laws § 54—3—14
(l9) Farms Home Mmimstafioa as pmvidod by ? (15.0. 5 (93!;
(10} Small Basins: admifimion is provided by 15 USTC. § 63];
(21) Gavmmt Malibu! Mortgagc Association and Pedal! National Modgzgc Association as provided by l1
(1.31:. § rm;
(21) South Dakota Housing Dcvciopum Autlmrit)’ as pmvidnd by chapla' llwl l;
(23) [nsummc companics, “hatterdumcsticor fomigt, anhadmd ta do business inthis smqand which 1s a
pad offiac‘érbusims engage in mtgagc hiding in this state; However, fi 54—3-11 (1m not cxcmpt Mac com.-
paniw fiomthc pcovisiouioffi Sl-I 5~l 5.8;
(14) Any whofly owmd mice comm subsidiary of: domestic at forcig: immune: company. authorized to
(ht: mac in_wraIme ensuing: as the pram:
do basins: in this state, and which Subsidiuyis subicct Io examination: by
company: or
(25) An fimituwm loan Iicmsce Wale profisians ufchaptn' 54-4 o: S46.
WY: scum: 3L match 335, § 1; 1982.431 342.
LEXSTAT SD- CODIFIED LAWS § 54646
chichxis (R) South Dakota Statues Annotated
Copytigtt 2005
Ml riglm mama!
fl“ THIS DOCUMENT (S WHY
THROUGH ALL 21106 {£613- fin S- CT. RULE 06-67 ‘"
“‘ ANNOTATIONS CURRENT THROUGH NOVEMBER 15. 2006 " "
Go
TITLE 54-
CEMI’IFJL 54w}. W
DEBTORAND CREDITOR.
m SOUTH omen stxmms ARCHIVE DIRECTORY
AND USURY
aucmifiod Lamas 543—16 (2005}
§ 5:43-15.
The: official state mm rats, as refcmwed dn‘ougjlout the Soulh Dakota Cndificd Laws, an: n follows:
(E) Category A rate of interest is foul and uncfialfpamt per yam:
{2) emerge ram orimerw is ten perm: per year,
(3) Category C rate aflnterest is tweivc Pficent par year:
(4) Category D ran: ofintctcst is one pawn: per month 0r fi'actinu {11:er
(5) Category E rate of imam: is four percent per year:
(6) Category F rate ofinm is fifteen pcmcnt per year; and
{7) Catcgnqr CE rat: of hum is fivc—s udh pctcmt pa mouth or li'acrioa theme f.
HISTORY:Soumc: 3L [934.ch 319.§ t: {987.ch. 361; {994.ch 166. § l; 1000,ch 226,§ l.
LEXSTATSD- CGOIFIEO LAWS § 54-414
chichxk (R) Souk Moum
Coppighc zoos
Annotated
All rights msavcd
‘” THIS WWEWRWHHKOWH ALL LEGIS.&
” ANNOTATTONS CURRENT THROUGH HOVMER
‘
2006 S- CT- RULEM-é?
IS, 2006
" '
‘"
TITLE 54. OEHTOR AND CREfl [TOR
GWSJJ l- CREQH'CARDS AND REVOLVING CImRGE ACCOUNTS
GO 1‘0 SOUTH [M.KOTa STATUTE; ARCHIVE DIRECTORY
S.D.Codifiod Lawsfi Sd-ll-I (20-06)
§ 54-] l-l .
Tho tum "audit mud“ m“ 'ch c:cdit gard' as: mm! in this chapter. means any audit card. identification cud or
dam which dmardtwldcrhas mqucstcd and reca'md fmm any issuer or businfis. or has signal or has used. whats
amhorimli mnthcr m use, for tin: purpose ufdfiaining money. gopcdy, checks, nuclear; checks, money orders, {abut
or mice: on awn“
HISTORY: Saunas: SL I963,ch [99,§ l; I980. ch 26. § 13; 1933. ch 365.§ i.
LEKSTAT 3-0. CODIFHED LAWS § 54—! l -S
chisfluis (R) South Dakota 5mm Annealed
Covrfififi 2005
‘ ' “
CI-MP’I'ER 544
ANNOTA’ITONS
l.
mW Ml rims mama!
"*THIS DOCUMENT IS CURRENT '[TIROUGH (KLL 2006 LEGIS. 3c S. CT- RULE 06-61“ "'
S4.
'"
THROLFGH NOVEMBER.
DEBTOR AND CREDITOR.
CRHJH' CARDS AND REVULVING CHARGE ACCOUNTS
15. 2006
G0 TO SOUTH. DAKOTA STATUTES ARCHIVE IHRECI'ORY
5:0-Caditiod Lu=§ subs (m5;
§ subs.
Far me [Impose oflhis dam, 'mmlvixg charm amount“ shall (man an arraugcmml prescribing tums a
Etramnc-
tiom which may be made thwamda' from time ta time; puma:
which a retail scikr or penal: who offers and pro-
vidfi any mines gEVcs tn a pmthm 0cm
ofscwiccs mo privilege ofusinga cwiit curd or other means ofcmdit
confirmation 0r idmtificuitm primarily far {he purpose ofpurdusing mnsumcr goods or services. as mat
tum is hmm-
afler defined, {mm any puma. which may includc the {wit 5:11am pmvidcr Mmim.
and unficr whidn an inlacst
chargc- maybe Medically imposcd.
Fardwpmpose of§ 54 «l b8, hctusim. "consumer goods and savings" mean ali goods and services
§ id-I {-5 to
provided to ch: public {w setters or pmvidm of pcmih'ai scwim-
HISTORY: Scarce; 3L. 197mm '306,§ l; i9?$.ch 3m-
{'1ch
Lemur 5n. commit) LAWS § 54-: 16.1
um 3mm mm
**" THIS W'
CIIJKYI'EE. 54-1
umuuis (a) 5mm
IS
l .
mmmmfl
m rightmm
Copyright zoos
hLl.2006
” ANNO'E'ATIONS CURRENT 'l'ffliOUGH NOVEMBER. I5. 2.006 *"
TITLE Si. DEBTOR. AND CREDITOR
LEGS- &S: CT. RULE 045-57 '“
CREDIT CARDS AMI! REVOLVING C(mRGE ACCOUNTS
GO T0 SOUTH IMKO'I‘A STATUTES ARCHIVE DIRECTORY
5.1}. Cmfificd Laws § 54-! l 6.! {2006)
5 54-1 1-6.1.
A person may coltect a credit service: charge: on my mvulving chmgc amount made pursuant to § 54—1 [-‘i. suhjact to
§ § S44 [-6.2 to 54-! 1-6.4, hckmivc-
Hmoav: Sam: 3L 19-19. cl: 335,5 3.
[’2ch
LEXSITAT 3-0. (30me LAWS § 54-1 I 6.2
chisflcxis (R) South Dakota Slain!“ Annohlod
Copyright zoos
Alt righs(wed
‘ ‘ ‘
THIS [WUMENTIS CURRENT THROUGH ALL 1006 LEGS. &S. Cl". RULEDG—fi? ‘”
"' MHOTATIONS CURRENT THROUGH NOVEMBER ISLZOOE "'
TITLE 54. DEBTORANDCREDITOR
CHAPTER 54-! i . CRE‘DfI‘CARDS AND R.E'VGLVING CHARGE ACCOUNTS
GO T0 SOUTH DAKOTfi STATUTES ARCHIVE OWORY
summed Laws§ 54-116-: (2006)
§ 54-1m2.
mAdm-gc may bemade inflict: bfllingcyclc which is a magnofaa amount no gleam than thcavmgc dailyhal-
of the aocormt, due unpaid halaucc afthc arm on appmmciumiscly tin: sanw day ofthe hitting cynic
ammnt within'a specificxl range within which the average daiiy baiaucc orthc unpaid balance ufthc account. on a9-
cur the. median
pmximamw (ha same day ufthc billing cytlc, is included- A charge may b: made pursuant w this mfion 'only Erma
same dung; is aimlicd m ail balances within ma 3mm: mgc and irme Wage wfieu appticd m tho median
amount within the range docs mt produce a dung: cxccudfiog the chug: resulting final. applying that gamma: m thc
Iowa amount within (11¢ mugnby more {halt fight. percent 0f the charge on thc mcdigm amount. This ch31 ge m 1y ha:
mlnpoundei
mm: Same; 3L 19nd. 335, § 4
Page l
LEKSI'AT SD. CODIFED LAWS § 54-! {-6.3
uxisflcxis (R) South Dakota Saunas amotatcd
Copyright 200$
All tights reserved
"" THIS [WT CURRENT THROUGH ALL 2006 lEGlS. S. CT. RULE 066? ‘ “
IS
”‘ AHNOTA'HONS CURRENF TEROUGH MOVMER I5, 2006 "W
«EL
TITLE $4. DEBTOR AND WEDITOR
CHAPTER 54-! 1. CREDIT ChRflS AND REVOLVING CHARGE JKCCOUHTS
Gfl T0 SOME! flAKOTA. STATUTES ARCHIVE DIRECTOR Y
3.11. Codified Lam 5 54-1%.: (2006)
§ sanlms-
Thcdwgc shalt be: ax a nu: or amount agmd upon by I111: panics involved. lt'thc biliing cycle is not mumly. m
maximum daugc pqocnmgc which bean me same relation to thus agrwl upon rate
is dull m
the number ofdays in the
billing cycle baa: m thirty Fur me purpasm of this sadism, a variation. {afnol more than
four days from mouth lo
month is a:vptmj'matcly the same day ofthc biiling cycle.
HEI‘OEY: Sounc: SI. 1979,9h 135.§ 5: l930,d1 337,§ la; [932.611 346.§ 1: 198?. ch 36¢}, § 5.
LEXSI‘AT SD; CODEFIED [LAWS § 54»! 1-9
chisflcfis (RI Sow: Dam m; Annotated
rm
Copyright 100$
Ail rights
m moramns mu? mama NOVEMBER m m
"Wmsnocmutfimtscummmwfifl aLLzm me.&s.cr.aumoé-67
ls. 1006
TITLE 51¢. DEBTOB. AND CREDITOR
CHAPTER 544. I. CREDiT CARHS AND REVOLVING CHARGE ACCOUNTS
(:0 T0 SOUTH D&KGTA STATUTES ARCHIVE “WHY
8.0. Codifiul Laws § S42! I ~9 (2006}
§ 54-1 {-9.
'lee us: ofan 1mm! credit cad mthc imam: of; crodit‘mrd am and I112: expiration affinity day:
dam afimuame without written notice {mm a cud halder to cancel flu: account creates a binding mam
barrow the:
[mm Ila:
card holder and the «card issucr with mfermcc ta any accepted credit card. and any dmgcs made with the Marimba
06m primary mid llatdct.
HISTORY: Source: St. [93L ch 15$. § 2.
Page i
LEXSTAT SD CODiFiED LAW 54v! [~10
chisNexis (R) South Dakota Statutes Annotated
Copyright 20 1 o
Ail rights reserved
“ THIS DOCUMENT [S CURRENT THROUGH ALL 2009 LEGISLATIOH 0F THE 34TH SESSION ‘
* ENCLUDiN-G SUPREME COURT RULE 09—0! 'I'HROUGH 09-06 ‘
* ANNOTATIONS CURRENT THROUGH November l3, 2009 “‘"
TITLE 54. DEBTOR AND CREDITOR
CHAPTER. 54-! l. CREDIT CARDS AND REVOLVING CHARGE aCCOUNTS
GD TO SOUTH DA KOTA SFATUTES ARCHIVE DIRECTORY
3.8. Codgfied Law: _§
54-1 f—m (2009)
Legislative Alert: LEXSEE 2010 8.0- SB 190 —- Sec section 2.
§ 54¢! law. Modification of credit cazé agreement - Right to reject changes - Notice - Acceptance
Upon written notice. a creditcard issuer may change the tcnns of any credit card agreement, if such right of
amend-
ment has been rcscwcd, regardless of whemer the card holder can use the card far new purchases Haw: ver. the fol-
lowing changes lo the credit card agreement, effective as to existing balances. do not became binding on the parties if
twemyfivc days afthe effective dale of {he change. furnishcs written antic: to tin: issuer, ax the
thc card holder, within
address designattd by the issuer, ma! the card holder does not agree to abide by such changes:
(l) Modifying the circumstances under which a finance charge will b: imposed;
(2) Altering the mxthod 115a! Lu caiculate finance chargcs:
(3) Increasing finance charges. fees. and other costs; nr
(4) Increasing tin: required minimum paymcnt.
Any uthcr change to thc credit card agreement modifying the mmmer in which the isms: and card holder msolvc
disputes arising out of [heir relationship do not become binding on [he panics il‘thc card hotder, withintwemy-fivc days
of theeffectivc dale. ufthe chahgc, filmishes mitten notice. ta the issuer, at the address designamd. by the issuer, that the
card holder docs not agree to abide by such changes.
Use of tin: card after the effective date oflhc change of terms deemed to he an acceptance of the ncw terms, even if
is
the twcnw-Iivc-dny period has not expired. Unless otherwise required by 12 Clix. § 226, in effect on January I. 2003.
a written change: ot‘mrms notice is not required if thc proposed change in terms has [men communicated by 111:: issuer m
the card holder and the: card hotdcr agrees-
HISTORY: Source: SL 1983. ch 365. § 3: 2005, ch 259,§ I; 2008, ch 254,5 l.
UEKHAT SBIIODIFIED LAWS § 54—! 1-H
8mm Wed
mW
*“ THIS WW
‘‘"
Luisflcfi: (R) Souk Dakota:
[S
Caprrwums
Au
"HmOUGi-l flu. 2096 LHSES-&S. CT. RULE 06-6?
ANNOTATIOHS CURRENT “$00G“ HOVEMBER I5. 1
CHAPTER 54-1 E .
TITLE S4. [)me Am
CREDITOR
CREDIT CARDS AND REVOLVING CHARGE 5m
"""
"‘
G0 T0 SOUTH 061C011 STATUTES ARCHIVE DIRECI'ORY
3.9.. Codified Laws § 54—1 l—ll (2006)
§ 54-1 1-1 L 'Wtilnm notice hymn! holda'oficicaiou afdmngc in tam:
[n [Em afthc card hok‘la’s tight to reject certain dmgcs in mm: Wm (www-five days puma: § $4 -l 1-H}, the
Emu may tequila Ihc card mada- m pmvide: mitten mice of sum rejection not [cm than five day: prior m the: effective
data offiu: change iflho Em has scat mafia: ofdu: pruposad change in (arms. undcr §§ 54-1 [vlfi and 544 l—li ta ttu:
m(11¢ cffcdiw: date ofthc dtangc. The imq' may pmvida me cud holder
n'at. than dhiny day: pdor an
card 11¢!ch {cans
altmi-Vc means by whidl tammmimlc thccard holder: rcjccfiun oflhc changc in tum, so {mgas the aitmtatiam
means is mm man: burdmsmnc m lhc cud huldcr.
HISTORY: W: 3L 2605. d: 259. § 2.