South Dakota Statutes
§ 54-14-12.2 — Mortgage loan originator defined.
South Dakota § 54-14-12.2
This text of South Dakota § 54-14-12.2 (Mortgage loan originator defined.) 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 § 54-14-12.2 (2026).
Text
For the purposes of this chapter, the term, mortgage loan originator, means an individual who for compensation or gain or in the expectation of compensation or gain takes a mortgage loan application or offers or negotiates terms of a mortgage loan. A mortgage loan originator does not include:
(1)An individual engaged solely as a loan processor or underwriter except as otherwise provided in § 54-14-12.1 (2) An individual or entity that performs only real estate brokerage activities and is licensed or registered in accordance with applicable South Dakota law, unless the individual or entity is compensated by a lender, a mortgage broker, or other mortgage loan originator or by any agent of such lender, mortgage broker, or other mortgage loan originator; or (3) Any individual or enti
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Related
§ 101
11 U.S.C. § 101
Legislative History
SL 2009, ch 251, § 3.
Nearby Sections
15
§ 54-1-2
Loan of money defined.§ 54-1-6
"Open account" defined.§ 54-1-7
Open account--Interest rates.§ 54-1-9
"Securitization" defined.§ 54-10-1
Definition of terms.§ 54-10-10
Value of security, determination by liquidator's sale of assets--Order of sale, requirements.§ 54-10-13
Uniformity of interpretation of chapter.Cite This Page — Counsel Stack
Bluebook (online)
South Dakota § 54-14-12.2, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/54-14-12.2.