South Dakota § 44-8-29 Definition of terms.

South Dakota Statutes

§ 44-8-29 — Definition of terms.

South Dakota § 44-8-29

Title 44LIENS

Ch. 44-8REAL ESTATE MORTGAGES

This text of South Dakota § 44-8-29 (Definition of terms.) 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 § 44-8-29 (2026).

Text

Terms used in §§ 44-8-30 to 44-8-35 , inclusive, mean:

(1)"Mortgage," a mortgage or mortgage lien on an interest in real property in this state given to secure a loan;

(2)"Mortgagee," the grantee of a mortgage or, if a mortgage has been assigned of record, the last person to whom the mortgage has been assigned of record;

(3)"Mortgage servicer," the last person to whom a mortgagor or the mortgagor's successor in the interest has been instructed by a mortgagee to send payments on a loan secured by a mortgage. A person transmitting a payoff statement is the mortgage servicer for the mortgage described in the payment statement;

(4)"Mortgagor," the grantor of a mortgage;

(5)"Payoff statement," a statement of the amount of the unpaid balance of a loan secured by a mortgage, i

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Terms used in §§ 44-8-30 to 44-8-35 , inclusive, mean: (1) "Mortgage," a mortgage or mortgage lien on an interest in real property in this state given to secure a loan; (2) "Mortgagee," the grantee of a mortgage or, if a mortgage has been assigned of record, the last person to whom the mortgage has been assigned of record; (3) "Mortgage servicer," the last person to whom a mortgagor or the mortgagor's successor in the interest has been instructed by a mortgagee to send payments on a loan secured by a mortgage. A person transmitting a payoff statement is the mortgage servicer for the mortgage described in the payment statement; (4) "Mortgagor," the grantor of a mortgage; (5) "Payoff statement," a statement of the amount of the unpaid balance of a loan secured by a mortgage, including principal, interest, and any other charges properly due under or secured by the mortgage; and interest on a per day basis for the unpaid balance; (6) "Record," to record with the county register of deeds; (7) "Title insurance company," any corporation or other business entity authorized and licensed to transact the business of insuring titles to interests in real property in this state under chapter 58-25 .