South Dakota Codified Laws 10-13-40.3. Penalty for fraudulent receipt of owner-occupied single-family dwelling classification
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Any person who receives an owner–occupied single–family dwelling classification by misrepresenting the facts as to the person’s ownership or occupancy of the dwelling shall be assessed a penalty equal to ten dollars per thousand dollars of valuation on the subject dwelling, which assessment shall become a perpetual lien on the property pursuant to § 10-21-33. The person shall be barred from receiving the owner–occupied single–family dwelling classification for any property in the state for the following three years.
Terms Used In South Dakota Codified Laws 10-13-40.3
- Lien: A claim against real or personal property in satisfaction of a debt.
- Person: includes natural persons, partnerships, associations, cooperative corporations, limited liability companies, and corporations. See South Dakota Codified Laws 2-14-2
- Property: includes property, real and personal. See South Dakota Codified Laws 2-14-2
Source: SL 1996, ch 73, § 3.