The VALU loan application process is as follows:
- (1) The applicant shall apply to an eligible lender;
- (2) The applicant must use the application form provided by the office;
- (3) The applicant shall provide the necessary loan documentation as mutually agreed to and requested by the lender and the administrator;
- (4) The lender shall submit the application and loan documentation to the office.
Source: 17 SDR 141, effective March 25, 1991; 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: 1991-03-25.