S.D. Admin. R. 12:07:14:05

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

Section 12:07:14:05 - Contents of application

The VALU loan application form shall include the following:

(1) The requested amount of the loan and guaranty;

(2) The purpose;

(3) Additional documentation, including the following information:

(a) A cash flow budget;

(b) A signed financial statement completed no more than 30 days prior to application;

(c) A repayment plan;

(d) Tax forms for the two most recent years, including 1040 and 1040F, if applicable;

(4) The lender's signature and the date of signature;

(5) The applicant's signature and the date of signature.

S.D. Admin. R. 12:07:14:05

17 SDR 141, effective 3/25/1991; 29 SDR 34, effective 9/18/2002.

General Authority: SDCL 38-6-8.1.

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