South Dakota Codified Laws 51A-17-48. Use of nationwide mortgage licensing system and registry as information channeling agent
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The director may use the nationwide mortgage licensing system and registry as a channeling agent for requesting information from and distributing information to the United States Department of Justice and any other state and federal regulatory official or agency with money transmission industry oversight authority as deemed necessary by the director to carry out the responsibilities of this chapter.
Terms Used In South Dakota Codified Laws 51A-17-48
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Oversight: Committee review of the activities of a Federal agency or program.
Source: SL 2015, ch 241, § 4; SL 2019, ch 206, § 7.