S.D. Admin. R. 12:07:10:10

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

Section 12:07:10:10 - Loan maturities

The loan maturity shall be based on the purpose, the type and expected useful life of the equipment, and loan amount. The term may not exceed five years. There is no prepayment penalty.

S.D. Admin. R. 12:07:10:10

12 SDR 117, effective 1/19/1986; 12 SDR 128, 12 SDR 154, effective 7/1/1986; 17 SDR 141, effective 3/25/1991.

General Authority: SDCL 38-6-8.1.

Law Implemented: SDCL 38-6-3, 38-6-8.