South Dakota Administrative Rules
Title 20 - PUBLIC SAFETY
Article 20:07 - BANKING
Chapter 20:07:19 - Mortgage lenders and mortgage brokers
Section 20:07:19:07 - Surety bonds

The amount of the surety bond required in SDCL 54-14-24 shall be established according to the following scale based upon the dollar amount of the mortgage loans originated, brokered, or serviced, as the case may be, with respect to property in South Dakota during the preceding calendar year. The numbers preceding the colon represent the dollar amount of the loans and the numbers after the colon represent the amount of bond required.

Less than $ 25,000,000: $25,000

$25,000,001 to $100,000,000: $35,000

Over $100,000,000: $50,000

General Authority: SDCL 54-14-24.

Law Implemented: SDCL 54-14-24.