12:21:01:16Assignment of loans by participating lenders.
Section · Administrative Rules of South Dakota · View on sdlegislature.gov ↗
Rulemaking activity
- 12:21 Beginning Farmer Loan ProgramComment closed
- 12:21 Beginning Farmer Loan ProgramComment closed
A participating lender may assign a loan in whole or in part, the servicing of the loan, or both the loan and servicing, to any regulated lender as defined in SDCL 54-3-14. The authority must be notified in writing before assignment of servicing of the loan.
Source: 22 SDR 97, effective January 22, 1996; 52 SDR 49, effective November 17, 2025.