The extent to which a mortgage loan made under § 58-27-36 or 58-27-37 is guaranteed by the administrator of veterans’ affairs may be deducted before application of the limitations contained in § 58-27-42. The provisions of § 58-27-42 shall not apply to the bonds or notes described in § 58-27-36.

Terms Used In South Dakota Codified Laws 58-27-43

  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.

Source: SL 1966, ch 111, ch 6, § 25 (2).