S.D. Admin. R. 12:20:01:12
If the parties involved in mediation reach a tentative agreement, the mediator shall summarize the terms of the agreement for review by the parties.
After the terms of the agreement are reviewed and approved by all agreeing parties, those parties and the mediator shall agree upon the person who is to prepare the actual document. All agreeing parties are required to sign the agreement.
Those parties who do not reach agreement may request another mediation session, although the request may be declined by either party. The request may be made in writing to the mediator and may include a request for extension of time. If the parties agree that a mediated solution is not possible, the borrower may sign a waiver which will allow the director to issue a mediation release to creditors.
S.D. Admin. R. 12:20:01:12
General Authority: SDCL 54-13-2.
Law Implemented: SDCL 16-18-1, 54-13-2, 54-13-15.