<html> <head> <title>Rule 12:21:01:16 Assignment of loans by participating lenders.</title> <META NAME="Keywords" Content="Administrative Rules 12:21:01:16"> <META NAME="Description" Content="Administrative Rules 12:21:01:16 Assignment of loans by participating lenders."> <meta name=Generator content="Microsoft Office HTML Filter 2.0"> <meta http-equiv=Content-Type content="text/html; charset=windows-1252"> <meta name=Originator content="Microsoft Word 10"> <style> <!-- --> </style> </head> <body lang=EN-US> <div> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>12:21:01:16.&nbsp;&nbsp;Assignment of loans by participating lenders.</b> A participating lender may assign a loan in whole or in part to any regulated lender as defined in SDCL <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=54-3-14">54-3-14.</A> Servicing of the loan may also be assigned, but it must at all times be with a participating lender as defined. The authority must be notified in writing before assignment of servicing of the loan.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Source:</b> 22 SDR 97, effective January 22, 1996.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>General Authority:</b>SDCL <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=1-16E-24">1-16E-24.</A></p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Law Implemented:</b>SDCL <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=1-16E-24">1-16E-24.</A></p> </div> </body> </html>