South Dakota § 54-14-20.2 Exemption of attorneys from mortgage loan originator license requirement.

South Dakota Statutes

§ 54-14-20.2 — Exemption of attorneys from mortgage loan originator license requirement.

South Dakota § 54-14-20.2

Title 54DEBTOR AND CREDITOR

Ch. 54-13MORTGAGE LENDER BUSINESS

This text of South Dakota § 54-14-20.2 (Exemption of attorneys from mortgage loan originator license requirement.) 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 § 54-14-20.2 (2026).

Text

Any attorney licensed in this state performing activities that come within the definition of a mortgage loan originator, is not required to be licensed as a mortgage loan originator if such activities are:

(1)Considered by the South Dakota Supreme Court to be part of the authorized practice of law in South Dakota;

(2)Carried out within an attorney-client relationship; and (3) Accomplished by the attorney in compliance with all applicable laws, rules, and standards of professional conduct.

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Any attorney licensed in this state performing activities that come within the definition of a mortgage loan originator, is not required to be licensed as a mortgage loan originator if such activities are: (1) Considered by the South Dakota Supreme Court to be part of the authorized practice of law in South Dakota; (2) Carried out within an attorney-client relationship; and (3) Accomplished by the attorney in compliance with all applicable laws, rules, and standards of professional conduct.