An applicant for a beginning farmer loan shall apply for the loan on a form provided by the authority. The application must include the following: the applicant's name, address, and credit data; a description of the anticipated use of loan proceeds; the amount of the loan; the applicant's down payment, if any; and proof of compliance with the net worth requirements in § 12:21:01:04. An application is complete when all information needed to approve a loan is submitted.

Source: 22 SDR 97, effective January 22, 1996 ; 52 SDR 49, effective November 17, 2025 .

General Authority: SDCL 1-16B-70 .

Law Implemented: SDCL 1-16B-1 (3), 1-16B-57 .

Prior versions effective: 1996-01-22.