There is a newer version of the South Dakota Codified Laws
2012 South Dakota Codified Laws
Title 54 DEBTOR AND CREDITOR
Chapter 14. Mortgage Lender Business
§54-14-20.2 Exemption of attorneys from mortgage loan originator license requirement.
SD Codified L § 54-14-20.2 (through 2012) What's This?
54-14-20.2. Exemption of attorneys from mortgage loan originator license requirement. Any attorney licensed in this state performing activities that come within the definition of a mortgage loan originator, is not required to be licensed as a mortgage loan originator if such activities are:
(1) Considered by the South Dakota Supreme Court to be part of the authorized practice of law in South Dakota;
(2) Carried out within an attorney-client relationship; and
(3) Accomplished by the attorney in compliance with all applicable laws, rules, and standards of professional conduct.
Source: SL 2012, ch 237, § 2.
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