58-27-41. Maximum loan on security of real property--Misdemeanor.
53 words·~1 min read·
/sd/title-58/chapter-58-27/58-27-41·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
An insurer shall not make or acquire a loan or loans upon the security of any one parcel of real property in aggregate amount in excess of ten thousand dollars or more than the amount permissible under § 58-27-53 , whichever is the greater. Violation of this section is a Class 2 misdemeanor.