South Dakota Administrative Rules
Title 20 - PUBLIC SAFETY
Article 20:07 - BANKING
Chapter 20:07:19 - Mortgage lenders and mortgage brokers
Section 20:07:19:14 - Challenge process

A mortgage licensee may challenge information entered into the nationwide mortgage licensing system and registry by the division. Any challenge must be in writing and identify the information being challenged and provide documentation to support the challenge. The division shall respond to any challenge in writing within 30 days from the date a challenge was received. A licensee may request a hearing pursuant to SDCL chapter 1-26 to further challenge information entered by the division.

A challenge filed in response to the denial of a license application or renewal shall be filed under the procedure established in § 20:07:19:05.

General Authority: SDCL 54-14-34.

Law Implemented: SDCL 54-14-34.