South Dakota Administrative Rules
Title 12 - Department of Agriculture
Article 12:03 - State conservation commission
Chapter 12:03:03 - Conservation district special revenue fund
Section 12:03:03:10 - Criteria for commission review of loan extension or modification request

Universal Citation: SD Admin Rules 12:03:03:10

Current through Register Vol. 51, page 43, September 23, 2024

The commission shall review a request for an extension or modification of the terms of a loan and shall consider:

(1) The reason for the request;

(2) The status of the current loan;

(3) The financial history of the current loan;

(4) The security for the current loan and for the request, if any;

(5) The availability of funds in the revolving fund.

General Authority: SDCL 38-8-53, 38-8-53.1.

Law Implemented: SDCL 38-8-53, 38-8-53.1.

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