A participating lender may assign a loan in whole or in part, the servicing of the loan, or both the loan and servicing, to any regulated lender as defined in SDCL 54-3-14. The authority must be notified in writing before assignment of servicing of the loan.

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-57 , 1-16B-58 .

Prior versions effective: 1996-01-22.