South Dakota Administrative Rules
Title 12 - Department of Agriculture
Article 12:07 - Agriculture enterprise programs
Chapter 12:07:14 - Value adding livestock underwriting
Section 12:07:14:16 - Lender's responsibilities

(1) Execute the initial loan and disburse the proceeds;

(2) Execute and retain the loan documentation and furnish a copy of the loan documentation to the office;

(3) Obtain and maintain documentation necessary for the perfection of a security interest and furnish copies to the office;

(4) Serve as the point of contact for the administration of the loan and apprise the office of the loan status; and

(5) Service and manage the loan in accordance with its usual practices and exercise the same degree of care as it does with unguaranteed loans.