The commissioner shall notify the applicant and the lender, if applicable, of the decision in writing within 30 days after the date the office received the application. If the decision is to deny the application, the reasons for the decision shall be included in the notification. If the approval is conditional, the recommended modifications shall be included in the notification.

Source: 17 SDR 141, effective March 25, 1991; 29 SDR 34, effective September 18, 2002; 45 SDR 31, effective September 13, 2018; SL 2019, ch 235, § 37 and 38, effective April 14, 2019.

General Authority: SDCL 1 -53-30 .

Law Implemented: SDCL 1-53-24, 1-53-29 .

Prior versions effective: 2018-09-13, 2002-09-18.