South Dakota Statutes

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

South Dakota·Title 36 PROFESSIONS AND OCCUPATIONS·Ch. 36-21 REAL ESTATE LICENSING
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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South Dakota § 36-21A-114 (Suspension of license when payment from fund authorized--Repayment to fund required for reinstatement.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

SL 1992, ch 273, § 114.

Nearby Sections

15
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