South Dakota Administrative Rules
Title 10 - Bureau of Administration
Article 10:11 - Obligation Recovery Center
Chapter 10:11:01 - Definitions
Section 10:11:01:01 - Meaning of terms
Current through Register Vol. 51, page 43, September 23, 2024
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.
General Authority: SDCL 1-55-15.
Law Implemented: SDCL 1-55-15.
