South Dakota Codified Laws 54-4-78. Use of nationwide mortgage licensing system and registry for requesting and distributing information
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The director may use the nationwide mortgage licensing system and registry as a channeling agent for requesting and distributing information to and from other state and federal regulatory officials or agencies with money lending industry oversight authority, as deemed necessary by the director to carry out the responsibilities of this chapter.
Terms Used In South Dakota Codified Laws 54-4-78
- 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 242, § 7.