S.D. Admin. R. 20:14:04:03

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

Section 20:14:04:03 - Transaction value

For the purposes of this article, the transaction value is defined as follows:

(1) For loans or other extensions of credit, the amount of the loan or extension of credit;

(2) For sales, leases, purchases, and investments in or exchanges of real estate, the market value of the real estate interest involved; and

(3) For the pooling of loans or interests in real estate for resale or purchase, the amount of the loan or market value of the real estate calculated for each such loan or interest in real estate.

S.D. Admin. R. 20:14:04:03

18 SDR 36, effective 8/25/1991.

General Authority: SDCL 36-21B-3.

Law Implemented: SDCL 36-21B-3.