South Dakota Codified Laws
Title 54 - Debtor and Creditor
Chapter 14 - Mortgage Lender Business

Section 54-14-12 - Definitions. - 54-14-12.Definitions. Terms used in this chapter mean: (1)"Depository institution," the...

Section 54-14-12.1 - Loan processor or underwriter defined. - 54-14-12.1. Loan processor or underwriter defined. For the purposes of...

Section 54-14-12.2 - Mortgage loan originator defined. - 54-14-12.2. Mortgage loan originator defined. For the purposes of this...

Section 54-14-12.3 - Real estate brokerage activity defined. - 54-14-12.3. Real estate brokerage activity defined. For the purposes of...

Section 54-14-12.4 - Registered mortgage loan originator defined. - 54-14-12.4. Registered mortgage loan originator defined. For the purposes of...

Section 54-14-13 - License required for mortgage lenders, brokerage, brokers, and loan originators--Identification through nationwide mortgage licensing system and registry--Exemption. - 54-14-13. License required for mortgage lenders, brokerage, brokers, and loan...

Section 54-14-13.1 - (See §54-14-13.3 for effective dates) Mortgage loan originator license--Required findings. - 54-14-13.1.(See §54-14-13.3 for effective dates) Mortgage loan originator license--Required findings....

Section 54-14-13.2 - (See §54-14-13.3 for effective dates) Mortgage loan originator license--Renewal standards. - 54-14-13.2.(See §54-14-13.3 for effective dates) Mortgage loan originator license--Renewal standards....

Section 54-14-13.3 - Effective dates of §§54-14-13.1 and 54-14-13.2. - 54-14-13.3. Effective dates of §§54-14-13.1 and 54-14-13.2. The effective dates...

Section 54-14-13.4 - License required for loan processor or underwriter--Identification through nationwide mortgage licensing system and registry. - 54-14-13.4. License required for loan processor or underwriter--Identification through nationwide...

Section 54-14-13.5 - License required for company originating, selling, or servicing nonresidential mortgage loans. - 54-14-13.5. License required for company originating, selling, or servicing nonresidential...

Section 54-14-14 - Application for licensure or registration. - 54-14-14. Application for licensure or registration. Any applicant for licensure...

Section 54-14-15 - Information to be furnished to nationwide mortgage licensing system and registry--Distribution of information--Criminal background check. - 54-14-15. Information to be furnished to nationwide mortgage licensing system...

Section 54-14-16 - Fees. - 54-14-16. Fees. The applicant for an initial license shall submit...

Section 54-14-17 - License and registration not assignable. - 54-14-17. License and registration not assignable. No license or registration...

Section 54-14-18 - Expiration of license or registration. - 54-14-18. Expiration of license or registration. Any license or registration...

Section 54-14-19 - Fees for renewal of license. - 54-14-19. Fees for renewal of license. Any application for renewal...

Section 54-14-20 - Exemption of certain entities from chapter. - 54-14-20. Exemption of certain entities from chapter. The State of...

Section 54-14-20.1 - Exemption of certain persons from mortgage loan originator license requirement. - 54-14-20.1. Exemption of certain persons from mortgage loan originator license...

Section 54-14-20.2 - Exemption of attorneys from mortgage loan originator license requirement. - 54-14-20.2. Exemption of attorneys from mortgage loan originator license requirement....

Section 54-14-21 - Exemption of certain entities from licensing requirements. - 54-14-21. Exemption of certain entities from licensing requirements. The following...

Section 54-14-23 - Mortgage broker or lender permitted to use services of mortgage loan originator. - 54-14-23. Mortgage broker or lender permitted to use services of...

Section 54-14-24 - Surety bond requirements. - 54-14-24. Surety bond requirements. Each mortgage lender, mortgage brokerage, mortgage...

Section 54-14-25 - Violation of license or registration requirements--Misdemeanor. - 54-14-25. Violation of license or registration requirements--Misdemeanor. Any person, who...

Section 54-14-25.1 - Civil penalty for acting without required license or registration. - 54-14-25.1. Civil penalty for acting without required license or registration....

Section 54-14-26 - Examination and investigation by director. - 54-14-26. Examination and investigation by director. Any licensee or registrant...

Section 54-14-27 - Conditioning, denial, nonrenewal, suspension, or revocation of license. - 54-14-27. Conditioning, denial, nonrenewal, suspension, or revocation of license. The...

Section 54-14-28 - Reinstatement of license or registration--Termination of suspension--New license or registration. - 54-14-28. Reinstatement of license or registration--Termination of suspension--New license or...

Section 54-14-29 - Procedure for contesting suspension or revocation. - 54-14-29. Procedure for contesting suspension or revocation. Any licensee whose...

Section 54-14-30 - Annual tax upon net income--Exemptions. - 54-14-30. Annual tax upon net income--Exemptions. Any licensee under this...

Section 54-14-31 - Promulgation of rules regarding licensing, education, and fees. - 54-14-31. Promulgation of rules regarding licensing, education, and fees. The...

Section 54-14-32 - Disposition of fees. - 54-14-32. Disposition of fees. Fees collected pursuant to this chapter...

Section 54-14-33 - Contracts with nationwide mortgage licensing system. - 54-14-33. Contracts with nationwide mortgage licensing system. The director may...

Section 54-14-34 - Promulgation of rules for challenging information entered in nationwide mortgage licensing system. - 54-14-34. Promulgation of rules for challenging information entered in nationwide...

Section 54-14-35 - Sharing of information. - 54-14-35.Sharing of information. The following provisions apply to the sharing...

Section 54-14-36 - Reports of condition--Promulgation of rules. - 54-14-36. Reports of condition--Promulgation of rules. Each mortgage lender, mortgage...

Section 54-14-37 - Reports of violations and enforcement. - 54-14-37. Reports of violations and enforcement. The director shall report...

Section 54-14-38 - Improper influence on real estate appraisals prohibited--Grounds for discipline. - 54-14-38. Improper influence on real estate appraisals prohibited--Grounds for discipline....

Section 54-14-39 - Conduct not constituting improper influence on real estate appraisals. - 54-14-39. Conduct not constituting improper influence on real estate appraisals....

Section 54-14-40 - Remote work--Requirements. - 54-14-40. Remote work--Requirements. An employee of a licensee may work...