After review the commissioner may approve the application for the loan guaranty, approve the application subject to certain terms and conditions, or disapprove the application. The commissioner or the commissioner's designee shall notify the applicant of the decision in writing within 30 days after the date of receipt of the application. If the decision is to disapprove the application for guaranty, the reasons for the decision shall be included in the notification. The commissioner's decision is final.

Source: 17 SDR 141, effective March 25, 1991; 29 SDR 34, effective September 18, 2002; 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: 2002-09-18.