Borrowers are responsible for the following:

1. (1) Identifying collateral;
2. (2) Maintaining accounting records and management reports; and
3. (3) Submitting accounting records and management reports to the lender and administrator upon request.

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.