South Dakota legislature OKs bills for consumer protection laws, tobacco escrow money transfers

By Marian Johns | Feb 12, 2019

PIERRE — The South Dakota legislature recently approved two bills proposed by the state's attorney general that update existing state laws regarding consumer protections as well as the transfer of interest of some tobacco escrow monies. 

The state legislature signed SB 20 and SB 21 into law, which Attorney General Jason Ravnsborg is calling vital pieces of legislation.

“Thank you to our legislators and Gov. Kristi Noem for passing and signing these important pieces of legislation,” Ravnsborg said in a statement. “I believe it is vitally important to make sure our laws keep up with the world we live in and, to that extent we have worked together to make sure South Dakota does not fall behind.”

According to Ravnsborg's Office, SB 20 updates existing law pertaining to describing "business day" which applies to a consumer's right to electronically cancel a "door-to-door" sale. 

SB 21, which updates the state's "codified law," will make it easier for the attorney general to enforce the master settlement agreement in a more effective manner, according to Ravnsborg's office. The legislation allows some tobacco manufacturers no longer doing business in the state, to assign their "interest in qualified escrow funds" to South Dakota and to no longer have to provide regular reports to the state, according to the Attorney General's Office. 

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