South Dakota Statutes
§ 54-14-21 — Exemption of certain entities from licensing requirements.
South Dakota § 54-14-21
This text of South Dakota § 54-14-21 (Exemption of certain entities from licensing requirements.) 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 § 54-14-21 (2026).
Text
The following entities are exempt from the requirement of a mortgage lender, mortgage brokerage, or mortgage broker license as required by this chapter:
(1)Any state bank and its subsidiary;
(2)Any national bank and its subsidiary;
(3)Any bank holding company and its subsidiary;
(4)Any other federally insured financial institution, and its holding company and subsidiary; and (5) Any South Dakota chartered trust company. Any registered mortgage loan originator, if acting for a depository institution, is exempt from the provisions of this chapter.
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Legislative History
SL 2007, ch 279, § 10; SL 2009, ch 251, § 12.
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 § 54-14-21, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/54-14-21.