Tag Archive: "South Dakota"
South Dakota Enacts Provisions Regarding Exemptions from Licensure for Nonresidential Mortgage Loans
The South Dakota legislature amended provisions for the licensure of nonresidential mortgage loans. These provisions will become effective on July 1, 2017.
Effective July 1, 2016 the legislature of South Dakota defined written agreements between debtors and creditors as documents in writing, whether in physical or electronic form. Furthermore, the written agreement must evidence a demonstration by the parties’ agreement to the terms, conditions of an extension of credit, and the rate of interest. Written agreements also […]
by: Paul McSheffreyAlong with Senate Bill No. 68, the South Dakota legislature has adopted the Uniform Real Property Electronic Recording Act. In addition, the Act provides for a funding source and revises some provisions regarding electronic recording. Some state laws require a document to be original, be on a tangible medium, be in writing, or […]