20:14:04:01Federally related transactions.
Section · Administrative Rules of South Dakota · View on sdlegislature.gov ↗
For the purposes of this article, a federally related transaction is any real estate-related transaction, as defined in § 20:14:04:02, entered into after December 31, 1991, which federal regulatory agencies engage in, contracts for, or regulates, and which requires the services of an appraiser.
Source: 18 SDR 36, effective August 25, 1991; 26 SDR 120, effective March 27, 2000.