South Dakota Administrative Rules
Title 12 - Department of Agriculture
Article 12:07 - Agriculture enterprise programs
Chapter 12:07:12 - Rural development loans and participations
Section 12:07:12:10 - Application process
Current through Register Vol. 50, page 78, December 27, 2023
The application process for loans under this chapter is as follows:
(1) The applicant shall apply to an eligible lender for a participation loan for the project;
(2) The applicant must use the application form provided by the office. The lender may require the applicant to use the lender's application form in addition;
(3) The applicant shall provide any necessary additional office application documentation as mutually agreed upon and requested by the lender and the administrator;
(4) The lender shall submit the application form and required application documentation to the office;
(5) If applying for a direct or bridge loan, the documentation and application will be submitted by the applicant directly to the office.
17 SDR 141, effective March 25, 1991; 38 SDR 45, effective September 22, 2011; 45 SDR 031, effective 9/13/2018
General Authority: SDCL 38-6-8.1.
Law Implemented: SDCL 38-6-3, 38-6-8.
