54-13-16. Statement of waiver or failure to reach agreement deemed release.
60 words·~1 min read·
/sd/title-54/chapter-54-13/54-13-16·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
If the borrower waives mediation or if a mediation agreement is not reached, a statement to that effect shall be prepared by the mediator and such statement shall constitute a mediation release. Unless the borrower waives mediation, a creditor may not receive a mediation release pursuant to § 54-13-10 until that creditor has attended at least one scheduled mediation meeting.