S.D. Admin. R. 20:07:14:01

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

Section 20:07:14:01 - Restrictions

A loan production office may not receive deposits in any form. All disbursements of loan proceeds must originate at the main office or a branch of the bank.

S.D. Admin. R. 20:07:14:01

11 SDR 46, effective 10/9/1984; 12 SDR 151, 12 SDR 155, effective 7/1/1986; 25 SDR 39, effective 9/23/1998; 34 SDR 322, effective 6/30/2008.

General Authority: SDCL 51A-2-13.

Law Implemented: SDCL 51A-1-2(13), 51A-2-13.