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2021 South Dakota Codified Laws
Title 54 - Debtor and Creditor
Chapter 14 - Mortgage Lender Business
Section 54-14-25.1 - Civil penalty for acting without required license or registration.
Universal Citation: SD Codified L § 54-14-25.1 (2021)
54-14-25.1. Civil penalty for acting without required license or registration.
The director may impose a civil penalty in an amount not to exceed one thousand dollars upon any person acting as a mortgage lender, mortgage brokerage, mortgage broker, or mortgage loan originator in this state without the required license or registration. Each instance of operating without a license, or holding oneself out as being authorized to conduct the business authorized by this chapter, constitutes a separate violation of this chapter and subjects any such person to a civil penalty for each violation. A civil penalty for a series of violations may not exceed twenty-five thousand dollars.
Source: SL 2009, ch 251, ยง15.
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