S.D. Admin. R. 20:69:08:08

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

Section 20:69:08:08 - No advance fee

A real estate broker acting as a mortgage broker may not accept compensation in advance from a potential borrower for the procurement of a loan.

S.D. Admin. R. 20:69:08:08

4 SDR 71, effective 4/30/1978; 12 SDR 151, 12 SDR 155, effective 7/1/1986; 15 SDR 100, effective 1/10/1989; transferred from

General Authority: SDCL 36-21A-89(8).

Law Implemented: SDCL 36-21A-30, 36-21A-47, 36-21A-84.