Maybe people ask about payday loans. Is it legal? How much will it cost? How to get it? The third state for today is South Dakota state.. South Dakota State Information Legal Status: Prohibited (Ballot vote on Initiated Measure 21 usury cap, effective Nov. 16, 2016) Citation: S.D. Codified Laws 54-4-36 et seq. Loan Terms: Maximum Loan Amount: $500 Loan Term: Not Specified Maximum Finance Rate and Fees: 36% APR Finance Charge for 14-day $100 loan: $1.39 APR for 14-day $100 loan: 36% Debt Limits: Maximum Number of Outstanding Loans at One Time: Not Specified Rollovers Permitted: Four (licensee can renew, rollover or flip loan if debtor pays outstanding fee each time) Cooling-off Period: Repayment Plan: Collection Limits: Collection Fees: Not Specified Criminal Action: Not Specified Where to Complain, Get Information: Regulator: South Dakota Division of Banking Address: 1601 N. Harrison Ave., Suite 1 Pierre, SD 57501 Phone: (605) 773-3421 Fax: (866) 326...