South Dakota Administrative Rules
Title 12 - Department of Agriculture
Article 12:21 - Beginning farmer loan program
Chapter 12:21:01 - General provisions
Section 12:21:01:03 - Contents of application
Universal Citation: SD Admin Rules 12:21:01:03
Current through Register Vol. 50, page 114, March 25, 2024
An applicant for a beginning farmer loan must apply for the loan on a form provided by the finance authority. The application must include the following: the applicant's name, address, credit data, a description of the anticipated use of loan proceeds, the amount of the loan and the applicant's down payment, if any, and proof of compliance with net worth requirements in § 12:21:01:04. An application is complete when all documents needed to approve a loan are submitted.
General Authority: SDCL 1-16E-24.
Law Implemented: SDCL 1-16E-24.
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