South Dakota Codified Laws 58-2-20. Procurement of loan secured by mortgage on real estate permitted to division personnel
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Sections 58-2-18 and 58-2-19 shall not be construed to prohibit the director or any employee from procuring a loan secured by a mortgage on real estate which mortgage and loan would be a proper investment under the provisions of this title.
Terms Used In South Dakota Codified Laws 58-2-20
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
Source: SL 1966, ch 111, ch 2, § 8.