GroundRules
SDCL § 11-11-149: Amount and amortization period of FHA loans.
Where this section sits in the code
- TITLE 11. PLANNING, ZONING AND HOUSING PROGRAMS
- CHAPTER 11-11. SOUTH DAKOTA HOUSING DEVELOPMENT AUTHORITY
The ratio of loan to total housing development cost and the amortization period of loans made under this chapter which are insured by the Federal Housing Administration (FHA) shall be governed by the FHA mortgage insurance commitment for each housing development; but in no event shall such amortization period exceed fifty years.
Collected 2026-09-03T15:18:56Z. Source file · JSON