South Dakota Codified Laws 36-21B-8. Application of chapter
Unless required by the Financial Institutions Reform, Recovery, and Enforcement Act of 1989, Pub.L. No. 101-73, 103 Stat. 183 (1989), 12 U.S.C. § 3310, et seq., this chapter does not apply to the following:
(1) Any public officer while performing public duties;
Terms Used In South Dakota Codified Laws 36-21B-8
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Person: includes natural persons, partnerships, associations, cooperative corporations, limited liability companies, and corporations. See South Dakota Codified Laws 2-14-2
(2) Any bank, trust company, savings and loan association, public utility, or any land mortgage or farm loan association organized under the laws of this state or the United States or their employees, if engaged in the transaction of business within the scope of its corporate powers as provided by law;
(3) Any person licensed as a real estate broker under chapter 36-21A when appraising within the scope of the broker’s license; or
(4) Any employee of any person or entity enumerated in this section.
Source: SL 1995, ch 223, § 10.