South Dakota § 36-21A-114 Suspension of license when payment from fund authorized--Repayment to fund required for reinstatement.

South Dakota Statutes

§ 36-21A-114 — Suspension of license when payment from fund authorized--Repayment to fund required for reinstatement.

South Dakota § 36-21A-114

Title 36PROFESSIONS AND OCCUPATIONS

Ch. 36-21REAL ESTATE LICENSING

This text of South Dakota § 36-21A-114 (Suspension of license when payment from fund authorized--Repayment to fund required for reinstatement.) is published on Counsel Stack Legal Research, covering South Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

S.D. Codified Laws § 36-21A-114 (2026).

Text

If the commission pays from the fund any amount in settlement of a claim or toward satisfaction of a judgment against a licensee, the license shall automatically be suspended upon the effective date of an order by the court authorizing payment from the fund. No licensee may be reinstated or issued a license until he has repaid in full the amount paid from the fund on his account plus interest thereon at the Category A rate of interest as established in § 54-3-16 . A discharge in bankruptcy does not relieve a person from the penalties and disabilities provided in this section.

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If the commission pays from the fund any amount in settlement of a claim or toward satisfaction of a judgment against a licensee, the license shall automatically be suspended upon the effective date of an order by the court authorizing payment from the fund. No licensee may be reinstated or issued a license until he has repaid in full the amount paid from the fund on his account plus interest thereon at the Category A rate of interest as established in § 54-3-16 . A discharge in bankruptcy does not relieve a person from the penalties and disabilities provided in this section.