<html> <head> <title>Rule 12:20:01:12 Mediation agreement.</title> <META NAME="Keywords" Content="Administrative Rules 12:20:01:12"> <META NAME="Description" Content="Administrative Rules 12:20:01:12 Mediation agreement."> <meta http-equiv=Content-Type content="text/html; charset=windows-1252"> <meta name=Generator content="Microsoft Word 14 (filtered)"> <style> <!-- /* Font Definitions */ @font-face {font-family:Calibri; panose-1:2 15 5 2 2 2 4 3 2 4;} /* Style Definitions */ p.MsoNormal, li.MsoNormal, div.MsoNormal {margin:0in; margin-bottom:.0001pt; text-align:justify; font-size:12.0pt; font-family:"Times New Roman","serif";} @page WordSection1 {size:8.5in 11.0in; margin:1.0in 1.0in 1.0in 1.0in;} div.WordSection1 {page:WordSection1;} --> </style> </head> <body lang=EN-US> <div class=WordSection1> <p class=MsoNormal style='punctuation-wrap:simple;text-autospace:none; vertical-align:baseline'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>12:20:01</b><b>:12.&nbsp;&nbsp;Mediation agreement.</b> If the parties involved in mediation reach a tentative agreement, the mediator shall summarize the terms of the agreement for review by the parties.</p> <p class=MsoNormal style='punctuation-wrap:simple;text-autospace:none; vertical-align:baseline'>&nbsp;</p> <p class=MsoNormal style='punctuation-wrap:simple;text-autospace:none; vertical-align:baseline'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; After the terms of the agreement are reviewed and approved by all agreeing parties, those parties and the mediator shall agree upon the person who is to prepare the actual document. All agreeing parties are required to sign the agreement.</p> <p class=MsoNormal style='punctuation-wrap:simple;text-autospace:none; vertical-align:baseline'>&nbsp;</p> <p class=MsoNormal style='punctuation-wrap:simple;text-autospace:none; vertical-align:baseline'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Those parties who do not reach agreement may request another mediation session, although the request may be declined by either party. The request may be made in writing to the mediator and may include a request for extension of time. If the parties agree that a mediated solution is not possible, the borrower may sign a waiver which will allow the director to issue a mediation release to creditors.</p> <p class=MsoNormal style='punctuation-wrap:simple;text-autospace:none; vertical-align:baseline'>&nbsp;</p> <p class=MsoNormal style='punctuation-wrap:simple;text-autospace:none; vertical-align:baseline'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Source:</b> 15 SDR 20, effective August 7, 1988; 30 SDR 204, effective June 28, 2004; 41 SDR 93, effective December 2, 2014.</p> <p class=MsoNormal style='punctuation-wrap:simple;text-autospace:none; vertical-align:baseline'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>General Authority:</b> SDCL <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=54-13-2">54-13-2.</A></p> <p class=MsoNormal style='punctuation-wrap:simple;text-autospace:none; vertical-align:baseline'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Law Implemented:</b> SDCL <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=16-18-1">16-18-1</A>, <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=54-13-2">54-13-2</A>, <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=54-13-15">54-13-15.</A></p> <p class=MsoNormal style='punctuation-wrap:simple;text-autospace:none; vertical-align:baseline'>&nbsp;</p> </div> </body> </html>