For the purposes of this article, a federally related transaction is any real estate-related transaction, as defined in § 20:14:04:02, entered into after December 31, 1991, which federal regulatory agencies engage in, contracts for, or regulates, and which requires the services of an appraiser.

Source: 18 SDR 36, effective August 25, 1991; 26 SDR 120, effective March 27, 2000.

General Authority: SDCL 36-21B-3(8).

Law Implemented: SDCL 36-21B-1 , 36-21B-3(8).