S.D. Admin. R. 12:21:01:16

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

Section 12:21:01:16 - Assignment of loans by participating lenders

A participating lender may assign a loan in whole or in part to any regulated lender as defined in SDCL 54-3-14. Servicing of the loan may also be assigned, but it must at all times be with a participating lender as defined. The authority must be notified in writing before assignment of servicing of the loan.

S.D. Admin. R. 12:21:01:16

22 SDR 97, effective 1/22/1996.

General Authority: SDCL 1-16E-24.

Law Implemented: SDCL 1-16E-24.