S.D. Admin. R. 12:07:12:01

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

Section 12:07:12:01 - Definitions

Terms used in this chapter mean:

(1) "Lender," as defined in SDCL 54-3-14; and

(2) "Participation," the portion or share of a loan which one lender purchases from another lender;

(3) Bridge Loan," a short term loan made with the intent of being bought by USDA or another Lender;

(4) "USDA," the United States Department of Agriculture; and

(5) "Office," the agricultural enterprise program; South Dakota Department of Agriculture.

S.D. Admin. R. 12:07:12:01

17 SDR 141, effective 3/25/1991; 38 SDR 45, effective 9/22/2011; 45 SDR 031, effective 9/13/2018; SL 2019, ch. 235, § 37 and 38, effective 4/14/2019l.

General Authority: SDCL 38-6-8.1.

Law Implemented: SDCL 38-6-3, 38-6-8.