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

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

Section 12:07:10:12 - Subsequent loan requests

The administrator shall consider subsequent loan requests by a district according to the following criteria:

(1) The process as defined in §§ 12:07:10:03 to 12:07:10:06, inclusive;

(2) The limit in § 12:07:10:08;

(3) A review of existing loan status and performance; and

(4) Payoff of the borrower's outstanding loan principal and interest.

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

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.