S.D. Admin. R. 64:28:12:09

Current through Register Vol. 51, page 56, November 4, 2024

Section 64:28:12:09 - Notation of junior liens on South Dakota certificates of title

The holder of the junior lien instrument shall present the lien instrument together with the valid certificate of title to the county treasurer of the county where the file copy of the certificate of title is filed. When the valid certificate of title is presented, the county treasurer shall note the junior lien on the certificate of title and return the certificate to the first lien holder. The county treasurer shall then enter the lien on the file.

If the certificate of title is not presented with the junior lien instrument, the county treasurer, on the form prescribed, shall notify the first lien holder, retaining a copy of the notice, to surrender the certificate of title within 15 days for the purpose of noting the junior lien. The county treasurer shall then return the certificate of title to the first lien holder and enter the lien.

If the first lien holder does not comply with the request of the county treasurer to surrender the certificate of title within 15 days for notation of the junior lien, the county treasurer shall inform the junior lien holder and return the junior lien instrument to the lien holder.

S.D. Admin. R. 64:28:12:09

SL 1975, ch 16, § 1; 8 SDR 87, 8 SDR 134, effective 7/1/1982; transferred from § 61:02:13:09, 12 SDR 111, effective 1/12/1986; 13 SDR 129, 13 SDR 134, effective 7/1/1987; 23 SDR 117, effective 1/27/1997; 29 SDR 177, effective 7/2/2003.

General Authority: SDCL 32-3-57(5).

Law Implemented: SDCL 32-3-34, 32-3-38, 32-3-43.

Requirements for notation of lien on file, § 64:28:12:03.