S.D. Admin. R. 12:07:10:14

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

Section 12:07:10:14 - Borrower's responsibilities

The borrower is responsible for the following:

(1) Identifying collateral by the following:

(a) Year;

(b) Type;

(c) Brand name;

(d) Model number; and

(e) Serial number;

(2) Paying fees for the perfection of a security interest;

(3) Maintaining financial information and accounting records; and

(4) Submitting management reports, financial reports, and accounting records to the office and commission upon request.

S.D. Admin. R. 12:07:10:14

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.