South Dakota Statutes

§ 44-8-20 — Deficiency in amount of purchase money mortgage given after June 30, 1933--Nonexistent after foreclosure of mortgage.

South Dakota § 44-8-20
JurisdictionSouth Dakota
Title 44LIENS
Ch. 44-8REAL ESTATE MORTGAGES

This text of South Dakota § 44-8-20 (Deficiency in amount of purchase money mortgage given after June 30, 1933--Nonexistent after foreclosure of mortgage.) 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 § 44-8-20 (2026).

Text

No claim for any deficiency in the amount secured by any real estate mortgage given after June 30, 1933, to secure all or any part of the purchase price of such real estate shall exist after the foreclosure of such mortgage by action or advertisement, but such foreclosure shall be a full satisfaction of such mortgage and no deficiency judgment shall thereafter exist or be rendered.

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Related

Perpetual National Life Insurance Co. v. Brown
182 N.W.2d 216 (South Dakota Supreme Court, 1970)
17 case citations
Wolken v. Bunn
422 N.W.2d 417 (South Dakota Supreme Court, 1988)
8 case citations

Legislative History

SL 1933, ch 138, §§ 1, 2; SL 1935, ch 150, §§ 1, 2; SDC 1939, § 39.0308.

Nearby Sections

15
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Bluebook (online)
South Dakota § 44-8-20, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/44-8-20.