{"data":{"id":"us-sd/sdcl-44-8-29","jurisdiction":"us-sd","citation":"SDCL § 44-8-29","heading":"Definition of terms.","body":"Terms used in §§ 44-8-30 to 44-8-35, inclusive, mean:\n(1) \"Mortgage,\" a mortgage or mortgage lien on an interest in real property in this state given to secure a loan;\n(2) \"Mortgagee,\" the grantee of a mortgage or, if a mortgage has been assigned of record, the last person to whom the mortgage has been assigned of record;\n(3) \"Mortgage servicer,\" the last person to whom a mortgagor or the mortgagor's successor in the interest has been instructed by a mortgagee to send payments on a loan secured by a mortgage. A person transmitting a payoff statement is the mortgage servicer for the mortgage described in the payment statement;\n(4) \"Mortgagor,\" the grantor of a mortgage;\n(5) \"Payoff statement,\" a statement of the amount of the unpaid balance of a loan secured by a mortgage, including principal, interest, and any other charges properly due under or secured by the mortgage; and interest on a per day basis for the unpaid balance;\n(6) \"Record,\" to record with the county register of deeds;\n(7) \"Title insurance company,\" any corporation or other business entity authorized and licensed to transact the business of insuring titles to interests in real property in this state under chapter 58-25.","path":["TITLE 44. LIENS","CHAPTER 44-8. REAL ESTATE MORTGAGES"],"source_url":"https://sdlegislature.gov/Statutes/44-8-29","current_through":"2026-08-31","vintage":"","retrieved_at":"2026-09-03T15:18:57Z","sha256":"e1577d48699398fca5a1ca3b6b94f66d77d93a6007159961b0aee19fb6dbeacd","source_id":"us-sd","stale":true,"prev":"us-sd/sdcl-44-8-28","next":"us-sd/sdcl-44-8-30"},"notice":"GroundRules: Original legal text. Not legal advice."}