S.D. Admin. R. 12:07:14:18
Current through Register Vol. 51, page 51, October 21, 2024
The office responsibilities upon receipt of the application are to record the date of receipt, to have the administrator review the application within the prescribed time, and to send the proper notification of the decision and forms to the lender. If the guaranty is approved, upon receipt and review of the loan documentation, a signed certificate of guaranty is sent to the lender indicating that the guaranty is in place for the established dollar amount.
S.D. Admin. R. 12:07:14:18
General Authority: SDCL 38-6-8.1.
Law Implemented: SDCL 38-6-3, 38-6-8.