South Dakota Laws: South Dakota does not have a state-specific debt collection law analogous to the FDCPA. Therefore, consumers in South Dakota mainly rely on the federal FDCPA for protections against abusive debt collection practices. Statute of Limitations: In South Dakota, as of 2021, the sta...
Supreme Court: FDCPA Doesn’t Cover Owned Debt By Charles E. Washburn Jr., Partner, Financial ServicesA bank or other person may collect debts that it purchased for its own account without triggering the statutory requirements of the Fair Debt Collection Practices Act, a unanimous Supreme ...