S.D. Admin. R. 12:07:20:14

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

Section 12:07:20:14 - Certificate of guaranty

Within 30 days of receiving the loan documentation, the department shall issue the guaranty for an amount not to exceed 50 percent of the original principal amount of the executed note or $10,000, whichever is less.

S.D. Admin. R. 12:07:20:14

25 SDR 95, effective 1/20/1999; 29 SDR 34, effective 9/18/2002.

General Authority: SDCL 38-6-8.1.

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