South Dakota Codified Laws 51A-17-49. Collection and maintenance of records and processing of fees
Current as of: 2023 | Check for updates
|
Other versions
The director may establish a relationship or enter into a contract with the nationwide mortgage licensing system and registry or an entity designated by the nationwide mortgage licensing system and registry to collect and maintain records and process transaction fees or other fees related to any licensee or person subject to the provisions of this chapter.
Terms Used In South Dakota Codified Laws 51A-17-49
- Contract: A legal written agreement that becomes binding when signed.
- 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
Source: SL 2015, ch 241, § 5.