36-21D-1. Registration of appraisal management companies required--Injunction for violation.
Any person or entity acting as an appraisal management company or performing appraisal management services in this state, except an appraisal management company that is a subsidiary owned and controlled by a financial institution regulated by a federal financial institution regulatory agency, shall register with the Department of Labor and Regulation. Any person or entity who violates this section may be restrained by permanent injunction in any court of competent jurisdiction, at the suit of the attorney general or any citizen of the state.
Source: SL 2011, ch 184, ยง1.
Structure South Dakota Codified Laws
Title 36 - Professions and Occupations
Chapter 21D - Appraisal Management Companies
Section 36-21D-2 - Appraisal management company defined.
Section 36-21D-3 - Appraisal defined.
Section 36-21D-4 - Promulgation of rules regarding companies and services.
Section 36-21D-5 - Promulgation of rules regarding fees.
Section 36-21D-6 - South Dakota appraisal management companies fund.
Section 36-21D-7 - Expenditure from fund only upon appropriation.
Section 36-21D-8 - Monetary penalty for violation.
Section 36-21D-9 - Assessment of expenses of contested case proceeding.
Section 36-21D-10 - Prohibited conduct--Grounds for discipline.
Section 36-21D-11 - Permissible conduct.
Section 36-21D-13 - Maintenance of surety bond or irrevocable letter of credit.
Section 36-21D-14 - Action against surety bond or irrevocable letter of credit.