S.D. Admin. R. 12:07:14:15
Current through Register Vol. 51, page 70, December 27, 2024
A borrower may not have more than one outstanding VALU guaranty at any one time. Only one VALU guaranty may be issued for each household. If a borrower is an entity as described in subdivision 12:07:13:03(2), individual members of the entity who meet the requirements of subdivision 12:07:14:03(1) and other provisions of this chapter may apply for a separate VALU guaranty.
S.D. Admin. R. 12:07:14:15
General Authority: SDCL 38-6-8.1.
Law Implemented: SDCL 38-6-3, 38-6-8.