{"data":{"id":"us-sd/sdcl-58-27-45","jurisdiction":"us-sd","citation":"SDCL § 58-27-45","heading":"Loan on or investment in real estate mortgage on security of chattel mortgage--Limited amount.","body":"In connection with a mortgage loan on the security of real estate designed and used primarily for residential purposes only, which mortgage loan was acquired pursuant to §§ 58-27-32 to 58-27-40, inclusive, an insurer may lend or invest an amount not exceeding twenty percent of the amount loaned on or invested in such real estate mortgage on the security of a chattel mortgage to be amortized by regular periodic payments within a term of not more than five years, and representing a first and prior lien, except for taxes not then delinquent, on personal property constituting durable equipment owned by the mortgagor and kept and used in the mortgaged premises.","path":["TITLE 58. INSURANCE","CHAPTER 58-27. LOANS AND INVESTMENTS OF INSURERS"],"source_url":"https://sdlegislature.gov/Statutes/58-27-45","current_through":"2026-08-31","vintage":"","retrieved_at":"2026-09-03T15:18:57Z","sha256":"baf874ce11b6c22ca0ce183b4311a82779128c6913a6f8c36c98ed1e8ee9196c","source_id":"us-sd","stale":true,"prev":"us-sd/sdcl-58-27-44","next":"us-sd/sdcl-58-27-46"},"notice":"GroundRules: Original legal text. Not legal advice."}