South Dakota Statutes

§ 54-14-40 — Remote work--Requirements.

South Dakota·Title 54 DEBTOR AND CREDITOR·Ch. 54-13 MORTGAGE LENDER BUSINESS

An employee of a licensee may work in a remote location other than the business location identified pursuant to § 54-14-14 , if the licensee:

(1)Ensures in-person interactions with consumers are not conducted at the remote location and the remote location is not represented to consumers as a business location;
(2)Maintains secure virtual private networks and other appropriate safeguards for licensee and consumer data, information, and records;
(3)Employs appropriate risk-based monitoring and oversight processes of work performed from a remote location and maintains records of the processes;
(4)Ensures consumer information and records are not maintained at the remote location;
(5)Ensures consumer and licensee information and records remain accessible and available for re

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Legislative History

SL 2022, ch 179, § 2.

Nearby Sections

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