South Dakota Codified Laws 54-14-16. Fees
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The applicant for an initial license shall submit a fee in the amount of not more than two hundred fifty dollars for a mortgage loan originator, not more than five hundred dollars for a mortgage broker or mortgage brokerage license, and not more than one thousand dollars for a mortgage lender license. The director shall establish the fees by rules promulgated pursuant to chapter 1-26.
Terms Used In South Dakota Codified Laws 54-14-16
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
Source: SL 2007, ch 279, § 5; SL 2009, ch 251, § 10.