An applicant who is refused an authority loan or other authority financing by the authority or an administrative agent may demand in writing a written explanation of the specific reasons for refusal of the authority mortgage loan or other authority financing. The authority or its administrative agent shall comply with the demand within 30 working days.

Source: SL 1975, ch 16, § 1; 2 SDR 31, effective October 30, 1975; transferred from § 45:01:03:01, effective July 1, 1979; 6 SDR 98, effective April 6, 1980; 10 SDR 4, effective July 27, 1983; 12 SDR 151, 12 SDR 155, effective July 1, 1986; 22 SDR 64, effective November 12, 1995.

General Authority: SDCL 11-11-30 , 11-11-128 , 11-11-141 , 11-11-143 , 11-11-165 , 11-11-168 , 11-11-180.

Law Implemented: SDCL 1-26-16.