S.D. Admin. R. 12:07:14:04

Current through Register Vol. 51, page 70, December 27, 2024

Section 12:07:14:04 - Eligibility requirements for lenders

To be eligible to participate in the program, a lender must meet the following minimum requirements:

(1) Make loans in or near the region or community where the financed project will be located;

(2) Have experience in making livestock loans; and

(3) Be subject to credit examination and supervision by an agency of the United States or this state.

S.D. Admin. R. 12:07:14:04

17 SDR 141, effective 3/25/1991.

General Authority: SDCL 38-6-8.1.

Law Implemented: SDCL 38-6-3, 38-6-8.