{"data":{"id":"us-sd/sdcl-54-14-20.1","jurisdiction":"us-sd","citation":"SDCL § 54-14-20.1","heading":"Exemption of certain persons from mortgage loan originator license requirement.","body":"The following are exempt from the requirement of obtaining a mortgage loan originator license:\n(1) Any individual who offers or negotiates terms of a mortgage loan with or on behalf of an immediate family member of the individual;\n(2) Any individual who offers or negotiates terms of a residential mortgage loan secured by a dwelling that served as the individual's residence; or\n(3) Any individual who, on, before, or after July 1, 2017, offers or negotiates terms of five or fewer nonresidential mortgage loans in a twelve-month period as long as the total amount of the loans outstanding does not exceed four million dollars.","path":["TITLE 54. DEBTOR AND CREDITOR","CHAPTER 54-14. MORTGAGE LENDER BUSINESS"],"source_url":"https://sdlegislature.gov/Statutes/54-14-20.1","current_through":"2026-08-31","vintage":"","retrieved_at":"2026-09-03T15:18:57Z","sha256":"7ded991490db6087b4366792545b5b130d9fbf7365f37eb5549107c41cd543b7","source_id":"us-sd","stale":true,"prev":"us-sd/sdcl-54-14-20","next":"us-sd/sdcl-54-14-20.2"},"notice":"GroundRules: Original legal text. Not legal advice."}