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 12:07:12:22 - Borrower's responsibilities
Universal Citation: SD Admin Rules 12:07:12:22
Current through Register Vol. 50, page 114, March 25, 2024
Borrowers are responsible for the following actions:
(1) Paving all fees incurred;
(2) Identifying collateral;
(3) Maintaining accounting records and management reports;
(4) Submitting accounting records and management reports to the lender and the office upon request; and
(5) Abiding by the terms and conditions as set forth in the loan documentation.
General Authority: SDCL 38-6-8.1.
Law Implemented: SDCL 38-6-3, 38-6-8.
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