S.D. Admin. R. 12:07:12:22

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

Section 12:07:12:22 - Borrower's responsibilities

Borrowers are responsible for the following actions:

(1) Paving all fees incurred;

(2) Identifying collateral;

(3) Maintaining accounting records and management reports;

(4) Submitting accounting records and management reports to the lender and the office upon request; and

(5) Abiding by the terms and conditions as set forth in the loan documentation.

S.D. Admin. R. 12:07:12:22

17 SDR 141, effective 3/25/1991; 45 SDR 031, effective 9/13/2018

General Authority: SDCL 38-6-8.1.

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