S.D. Admin. R. 12:03:03:11

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

Section 12:03:03:11 - Disposition of loan extension or modification request - Limitations on approval

Within 120 days after the submission of a request for an extension or modification of the terms of a loan, the commission shall dispose of the request in accordance with § 12:03:03:04. The commission may not approve a request for an extension of a loan beyond three years or modify the amount of annual payments to less than $250.

S.D. Admin. R. 12:03:03:11

11 SDR 59, effective 10/29/1984; 12 SDR 128, 12 SDR 154, effective 7/1/1986; 21 SDR 90, effective 11/14/1994; 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.