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 12:07:12:01 - Definitions
Universal Citation: SD Admin Rules 12:07:12:01
Current through Register Vol. 51, page 43, September 23, 2024
Terms used in this chapter mean:
(1) "Lender," as defined in SDCL 54-3-14; and
(2) "Participation," the portion or share of a loan which one lender purchases from another lender;
(3) Bridge Loan," a short term loan made with the intent of being bought by USDA or another Lender;
(4) "USDA," the United States Department of Agriculture; and
(5) "Office," the agricultural enterprise program; South Dakota Department of Agriculture.
General Authority: SDCL 38-6-8.1.
Law Implemented: SDCL 38-6-3, 38-6-8.
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