S.D. Admin. R. 12:07:20:13

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

Section 12:07:20:13 - Maximum term of the guaranty

The lender and borrower shall agree upon loan maturity and repayment schedules with a maximum maturity of five years.

25 SDR 95, effective 1/20/1999.

General Authority: SDCL 38-6-8.1.

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