S.D. Admin. R. 10:11:01:01

Current through Register Vol. 51, page 67, December 16, 2024

Section 10:11:01:01 - Meaning of terms

Words and phrases defined in SDCL chapter 1-55 have the same meanings when used in this article. In addition, terms used in this article mean:

(1) "Collection charge," means the fee added by a debt collection agency to the total debt referred to it by the center, which is equal to 20 percent of the debt referred;

(2) "Cost recovery fee," means the fee added by the center to the principal amount of debt referred for collection to the center by a referring entity;

(3) "Licensing agency," means the Division of Motor Vehicles, Department of Public Safety, and Department of Game, Fish and Parks.

S.D. Admin. R. 10:11:01:01

43 SDR 79, effective 12/5/2016

General Authority: SDCL 1-55-15.

Law Implemented: SDCL 1-55-15.