S.D. Admin. R. 68:02:01:43
Current through Register Vol. 51, page 64, December 9, 2024
After the loan is approved but before the loan is closed, the board or GOED may conduct an overall review of the applicant's financial status. The review may include an analysis of all assets and liabilities and an analysis of the applicant's ability to repay the loan and comply with the loan covenants. The board may withdraw the commitment at any time if a material adverse change occurs.
S.D. Admin. R. 68:02:01:43
General Authority: SDCL 1-16G-5, 1-16G-8(7)(10).
Law Implemented: SDCL 1-16G-5, 1-16G-8(7)(10).