S.D. Admin. R. 12:03:03:10

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

Section 12:03:03:10 - Criteria for commission review of loan extension or modification request

The commission shall review a request for an extension or modification of the terms of a loan and shall consider:

(1) The reason for the request;

(2) The status of the current loan;

(3) The financial history of the current loan;

(4) The security for the current loan and for the request, if any;

(5) The availability of funds in the revolving fund.

S.D. Admin. R. 12:03:03:10

11 SDR 59, effective 10/29/1984; 12 SDR 128, 12 SDR 154, effective 7/1/1986; 49 SDR 049, effective 11/23/2022

General Authority: SDCL 38-8-53, 38-8-53.1.

Law Implemented: SDCL 38-8-53, 38-8-53.1.