S.D. Admin. R. 12:07:20:07

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

Section 12:07:20:07 - Application process

The stock purchase guaranty application process is as follows:

(1) The applicant shall apply to an eligible lender;

(2) The applicant must use the application form provided by the South Dakota Department of Agriculture;

(3) The applicant shall provide the necessary loan documentation as mutually agreed to and requested by the lender and the administrator;

(4) The lender shall submit the application and loan documentation to the department.

S.D. Admin. R. 12:07:20:07

25 SDR 95, effective 1/20/1999.

General Authority: SDCL 38-6-8.1.

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