The department shall perform the administrative functions for the creation, processing, and review of loan applications; the preparation, negotiation, and execution of agreements; the review of the financial status of an applicant or borrower and any benefitted entity; and other functions necessary to expedite the loan process and assist the board in the performance of its duties.

Source: 19 SDR 107, effective January 24, 1993 ; 49 SDR 47, effective November 21, 2022 .

General Authority: SDCL 49-16C-3 .

Law Implemented: SDCL 1-44-20 , 49-16C-3 .

Prior versions effective: 1993-01-24.