12:07:10:14Borrower's responsibilities.
Section · Administrative Rules of South Dakota · View on sdlegislature.gov ↗
The borrower is responsible for the following: (1) Identifying collateral by the following: (a) Year; (b) Type; (c) Brand name; (d) Model number; and (e) Serial number; (2) Paying fees for the perfection of a security interest; (3) Maintaining financial information and accounting records; and (4) Submitting management reports, financial reports, and accounting records to the office and commission upon request.
Source: 12 SDR 117, effective January 19, 1986; 12 SDR 128, 12 SDR 154, effective July 1, 1986; 17 SDR 141, effective March 25, 1991.