<html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><title></title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s11c21ebd-d5c6-4a28-bc8f-30bb970ed2c2P0 { margin-top: 0; margin-bottom: 0; margin-left: 0; margin-right: 0; text-indent: 0.00in; text-align: center; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; } span.s11c21ebd-d5c6-4a28-bc8f-30bb970ed2c2C0 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s11c21ebd-d5c6-4a28-bc8f-30bb970ed2c2C0-000000 { color: #0000FF; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s11c21ebd-d5c6-4a28-bc8f-30bb970ed2c2000001 { color: black; background: white; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s11c21ebd-d5c6-4a28-bc8f-30bb970ed2c2P0-000002 { margin-top: 0; margin-bottom: 0; margin-left: 0; margin-right: 0; text-indent: 0.00in; text-align: left; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; } span.s11c21ebd-d5c6-4a28-bc8f-30bb970ed2c2C0-000003 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s11c21ebd-d5c6-4a28-bc8f-30bb970ed2c2C0-000004 { color: #0000FF; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s11c21ebd-d5c6-4a28-bc8f-30bb970ed2c2P0-000005 { margin-top: 0; margin-bottom: 0; margin-left: 0; margin-right: 0; text-indent: 0.00in; text-align: justify; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; } </style></head><body><div><p dir="ltr" class="s11c21ebd-d5c6-4a28-bc8f-30bb970ed2c2P0"><span xml:space="preserve" class="s11c21ebd-d5c6-4a28-bc8f-30bb970ed2c2C0">CHAPTER </span><a href="https://sdlegislature.gov/Rules?Rule=68:02:01"><span class="s11c21ebd-d5c6-4a28-bc8f-30bb970ed2c2C0-000000">68:02:01</span></a></p><p dir="ltr" class="s11c21ebd-d5c6-4a28-bc8f-30bb970ed2c2P0"><span xml:space="preserve" class="s11c21ebd-d5c6-4a28-bc8f-30bb970ed2c2000001"> </span></p><p dir="ltr" class="s11c21ebd-d5c6-4a28-bc8f-30bb970ed2c2P0"><span class="s11c21ebd-d5c6-4a28-bc8f-30bb970ed2c2C0">REDI LOANS</span></p><p dir="ltr" class="s11c21ebd-d5c6-4a28-bc8f-30bb970ed2c2P0"><span xml:space="preserve" class="s11c21ebd-d5c6-4a28-bc8f-30bb970ed2c2000001"> </span></p><p dir="ltr" class="s11c21ebd-d5c6-4a28-bc8f-30bb970ed2c2P0"><span xml:space="preserve" class="s11c21ebd-d5c6-4a28-bc8f-30bb970ed2c2000001"> </span></p><p dir="ltr" class="s11c21ebd-d5c6-4a28-bc8f-30bb970ed2c2P0-000002"><span class="s11c21ebd-d5c6-4a28-bc8f-30bb970ed2c2C0-000003">Section</span></p><p dir="ltr" class="s11c21ebd-d5c6-4a28-bc8f-30bb970ed2c2P0-000002"><a href="https://sdlegislature.gov/Rules?Rule=68:02:01:01"><span class="s11c21ebd-d5c6-4a28-bc8f-30bb970ed2c2C0-000004">68:02:01:01</span></a><span xml:space="preserve" class="s11c21ebd-d5c6-4a28-bc8f-30bb970ed2c2C0-000003"> to </span><a href="https://sdlegislature.gov/Rules?Rule=68:02:01:32"><span class="s11c21ebd-d5c6-4a28-bc8f-30bb970ed2c2C0-000004">68:02:01:32</span></a><span xml:space="preserve" class="s11c21ebd-d5c6-4a28-bc8f-30bb970ed2c2C0-000003">    Repealed.</span></p><p dir="ltr" class="s11c21ebd-d5c6-4a28-bc8f-30bb970ed2c2P0-000002"><a href="https://sdlegislature.gov/Rules?Rule=68:02:01:33"><span class="s11c21ebd-d5c6-4a28-bc8f-30bb970ed2c2C0-000004">68:02:01:33</span></a><span xml:space="preserve" class="s11c21ebd-d5c6-4a28-bc8f-30bb970ed2c2C0-000003">                    Definitions.</span></p><p dir="ltr" class="s11c21ebd-d5c6-4a28-bc8f-30bb970ed2c2P0-000002"><a href="https://sdlegislature.gov/Rules?Rule=68:02:01:34"><span class="s11c21ebd-d5c6-4a28-bc8f-30bb970ed2c2C0-000004">68:02:01:34</span></a><span xml:space="preserve" class="s11c21ebd-d5c6-4a28-bc8f-30bb970ed2c2C0-000003">                    Eligibility requirements.</span></p><p dir="ltr" class="s11c21ebd-d5c6-4a28-bc8f-30bb970ed2c2P0-000002"><a href="https://sdlegislature.gov/Rules?Rule=68:02:01:35"><span class="s11c21ebd-d5c6-4a28-bc8f-30bb970ed2c2C0-000004">68:02:01:35</span></a><span xml:space="preserve" class="s11c21ebd-d5c6-4a28-bc8f-30bb970ed2c2C0-000003">                    Application requirements -- Screening.</span></p><p dir="ltr" class="s11c21ebd-d5c6-4a28-bc8f-30bb970ed2c2P0-000002"><a href="https://sdlegislature.gov/Rules?Rule=68:02:01:36"><span class="s11c21ebd-d5c6-4a28-bc8f-30bb970ed2c2C0-000004">68:02:01:36</span></a><span xml:space="preserve" class="s11c21ebd-d5c6-4a28-bc8f-30bb970ed2c2C0-000003">                    Loan amounts.</span></p><p dir="ltr" class="s11c21ebd-d5c6-4a28-bc8f-30bb970ed2c2P0-000002"><a href="https://sdlegislature.gov/Rules?Rule=68:02:01:37"><span class="s11c21ebd-d5c6-4a28-bc8f-30bb970ed2c2C0-000004">68:02:01:37</span></a><span xml:space="preserve" class="s11c21ebd-d5c6-4a28-bc8f-30bb970ed2c2C0-000003">                    Equity contribution.</span></p><p dir="ltr" class="s11c21ebd-d5c6-4a28-bc8f-30bb970ed2c2P0-000002"><a href="https://sdlegislature.gov/Rules?Rule=68:02:01:38"><span class="s11c21ebd-d5c6-4a28-bc8f-30bb970ed2c2C0-000004">68:02:01:38</span></a><span xml:space="preserve" class="s11c21ebd-d5c6-4a28-bc8f-30bb970ed2c2C0-000003">                    Use of loan proceeds.</span></p><p dir="ltr" class="s11c21ebd-d5c6-4a28-bc8f-30bb970ed2c2P0-000002"><a href="https://sdlegislature.gov/Rules?Rule=68:02:01:39"><span class="s11c21ebd-d5c6-4a28-bc8f-30bb970ed2c2C0-000004">68:02:01:39</span></a><span xml:space="preserve" class="s11c21ebd-d5c6-4a28-bc8f-30bb970ed2c2C0-000003">                    REDI loan as take-out financing.</span></p><p dir="ltr" class="s11c21ebd-d5c6-4a28-bc8f-30bb970ed2c2P0-000002"><a href="https://sdlegislature.gov/Rules?Rule=68:02:01:40"><span class="s11c21ebd-d5c6-4a28-bc8f-30bb970ed2c2C0-000004">68:02:01:40</span></a><span xml:space="preserve" class="s11c21ebd-d5c6-4a28-bc8f-30bb970ed2c2C0-000003">                    Factors for board action.</span></p><p dir="ltr" class="s11c21ebd-d5c6-4a28-bc8f-30bb970ed2c2P0-000002"><a href="https://sdlegislature.gov/Rules?Rule=68:02:01:41"><span class="s11c21ebd-d5c6-4a28-bc8f-30bb970ed2c2C0-000004">68:02:01:41</span></a><span xml:space="preserve" class="s11c21ebd-d5c6-4a28-bc8f-30bb970ed2c2C0-000003">                    Board action on applications.</span></p><p dir="ltr" class="s11c21ebd-d5c6-4a28-bc8f-30bb970ed2c2P0-000002"><a href="https://sdlegislature.gov/Rules?Rule=68:02:01:42"><span class="s11c21ebd-d5c6-4a28-bc8f-30bb970ed2c2C0-000004">68:02:01:42</span></a><span xml:space="preserve" class="s11c21ebd-d5c6-4a28-bc8f-30bb970ed2c2C0-000003">                    Acceptance and time restrictions of applicant.</span></p><p dir="ltr" class="s11c21ebd-d5c6-4a28-bc8f-30bb970ed2c2P0-000002"><a href="https://sdlegislature.gov/Rules?Rule=68:02:01:43"><span class="s11c21ebd-d5c6-4a28-bc8f-30bb970ed2c2C0-000004">68:02:01:43</span></a><span xml:space="preserve" class="s11c21ebd-d5c6-4a28-bc8f-30bb970ed2c2C0-000003">                    Review of financial status.</span></p><p dir="ltr" class="s11c21ebd-d5c6-4a28-bc8f-30bb970ed2c2P0-000002"><a href="https://sdlegislature.gov/Rules?Rule=68:02:01:44"><span class="s11c21ebd-d5c6-4a28-bc8f-30bb970ed2c2C0-000004">68:02:01:44</span></a><span xml:space="preserve" class="s11c21ebd-d5c6-4a28-bc8f-30bb970ed2c2C0-000003">                    Loan agreement -- Employment agreement -- Security.</span></p><p dir="ltr" class="s11c21ebd-d5c6-4a28-bc8f-30bb970ed2c2P0-000002"><a href="https://sdlegislature.gov/Rules?Rule=68:02:01:45"><span class="s11c21ebd-d5c6-4a28-bc8f-30bb970ed2c2C0-000004">68:02:01:45</span></a><span xml:space="preserve" class="s11c21ebd-d5c6-4a28-bc8f-30bb970ed2c2C0-000003">                    Borrower reporting requirements.</span></p><p dir="ltr" class="s11c21ebd-d5c6-4a28-bc8f-30bb970ed2c2P0-000002"><a href="https://sdlegislature.gov/Rules?Rule=68:02:01:46"><span class="s11c21ebd-d5c6-4a28-bc8f-30bb970ed2c2C0-000004">68:02:01:46</span></a><span xml:space="preserve" class="s11c21ebd-d5c6-4a28-bc8f-30bb970ed2c2C0-000003">                    Inspection by the board and retention of records.</span></p><p dir="ltr" class="s11c21ebd-d5c6-4a28-bc8f-30bb970ed2c2P0-000002"><a href="https://sdlegislature.gov/Rules?Rule=68:02:01:47"><span class="s11c21ebd-d5c6-4a28-bc8f-30bb970ed2c2C0-000004">68:02:01:47</span></a><span xml:space="preserve" class="s11c21ebd-d5c6-4a28-bc8f-30bb970ed2c2C0-000003">                    Additional notification requirements.</span></p><p dir="ltr" class="s11c21ebd-d5c6-4a28-bc8f-30bb970ed2c2P0-000002"><a href="https://sdlegislature.gov/Rules?Rule=68:02:01:48"><span class="s11c21ebd-d5c6-4a28-bc8f-30bb970ed2c2C0-000004">68:02:01:48</span></a><span xml:space="preserve" class="s11c21ebd-d5c6-4a28-bc8f-30bb970ed2c2C0-000003">                    </span><span class="s11c21ebd-d5c6-4a28-bc8f-30bb970ed2c2C0-000003">Loan term and amortization</span><span class="s11c21ebd-d5c6-4a28-bc8f-30bb970ed2c2C0-000003">.</span></p><p dir="ltr" class="s11c21ebd-d5c6-4a28-bc8f-30bb970ed2c2P0-000002"><a href="https://sdlegislature.gov/Rules?Rule=68:02:01:48.01"><span class="s11c21ebd-d5c6-4a28-bc8f-30bb970ed2c2C0-000004">68:02:01:48.01</span></a><span xml:space="preserve" class="s11c21ebd-d5c6-4a28-bc8f-30bb970ed2c2C0-000003">                Interest rate.</span></p><p dir="ltr" class="s11c21ebd-d5c6-4a28-bc8f-30bb970ed2c2P0-000002"><a href="https://sdlegislature.gov/Rules?Rule=68:02:01:49"><span class="s11c21ebd-d5c6-4a28-bc8f-30bb970ed2c2C0-000004">68:02:01:49</span></a><span xml:space="preserve" class="s11c21ebd-d5c6-4a28-bc8f-30bb970ed2c2C0-000003">                    Default.</span></p><p dir="ltr" class="s11c21ebd-d5c6-4a28-bc8f-30bb970ed2c2P0-000002"><a href="https://sdlegislature.gov/Rules?Rule=68:02:01:50"><span class="s11c21ebd-d5c6-4a28-bc8f-30bb970ed2c2C0-000004">68:02:01:50</span></a><span xml:space="preserve" class="s11c21ebd-d5c6-4a28-bc8f-30bb970ed2c2C0-000003">                    Delegation of administrative functions.</span></p><p dir="ltr" class="s11c21ebd-d5c6-4a28-bc8f-30bb970ed2c2P0-000002"><a href="https://sdlegislature.gov/Rules?Rule=68:02:01:51"><span class="s11c21ebd-d5c6-4a28-bc8f-30bb970ed2c2C0-000004">68:02:01:51</span></a><span xml:space="preserve" class="s11c21ebd-d5c6-4a28-bc8f-30bb970ed2c2C0-000003">                    Official forms.</span></p><p dir="ltr" class="s11c21ebd-d5c6-4a28-bc8f-30bb970ed2c2P0-000002"><a href="https://sdlegislature.gov/Rules?Rule=68:02:01:52"><span class="s11c21ebd-d5c6-4a28-bc8f-30bb970ed2c2C0-000004">68:02:01:52</span></a><span xml:space="preserve" class="s11c21ebd-d5c6-4a28-bc8f-30bb970ed2c2C0-000003">                    Conflicts of interest.</span></p><p dir="ltr" class="s11c21ebd-d5c6-4a28-bc8f-30bb970ed2c2P0-000002"><a href="https://sdlegislature.gov/Rules?Rule=68:02:01:53"><span class="s11c21ebd-d5c6-4a28-bc8f-30bb970ed2c2C0-000004">68:02:01:53</span></a><span xml:space="preserve" class="s11c21ebd-d5c6-4a28-bc8f-30bb970ed2c2C0-000003">                    Confidentiality.</span></p><p dir="ltr" class="s11c21ebd-d5c6-4a28-bc8f-30bb970ed2c2P0-000002"><a href="https://sdlegislature.gov/Rules?Rule=68:02:01:54"><span class="s11c21ebd-d5c6-4a28-bc8f-30bb970ed2c2C0-000004">68:02:01:54</span></a><span xml:space="preserve" class="s11c21ebd-d5c6-4a28-bc8f-30bb970ed2c2C0-000003">                    </span><span class="s11c21ebd-d5c6-4a28-bc8f-30bb970ed2c2C0-000003">Repealed</span><span class="s11c21ebd-d5c6-4a28-bc8f-30bb970ed2c2C0-000003">.</span></p><p dir="ltr" class="s11c21ebd-d5c6-4a28-bc8f-30bb970ed2c2P0-000002"><a href="https://sdlegislature.gov/Rules?Rule=68:02:01:55"><span class="s11c21ebd-d5c6-4a28-bc8f-30bb970ed2c2C0-000004">68:02:01:55</span></a><span xml:space="preserve" class="s11c21ebd-d5c6-4a28-bc8f-30bb970ed2c2C0-000003">                    Banking Commission examination.</span></p><p dir="ltr" class="s11c21ebd-d5c6-4a28-bc8f-30bb970ed2c2P0-000002"><a href="https://sdlegislature.gov/Rules?Rule=68:02:01:56"><span class="s11c21ebd-d5c6-4a28-bc8f-30bb970ed2c2C0-000004">68:02:01:56</span></a><span xml:space="preserve" class="s11c21ebd-d5c6-4a28-bc8f-30bb970ed2c2C0-000003">                    Credit committee -- Other committees.</span></p><p dir="ltr" class="s11c21ebd-d5c6-4a28-bc8f-30bb970ed2c2P0-000002"><span xml:space="preserve" class="s11c21ebd-d5c6-4a28-bc8f-30bb970ed2c2000001"> </span></p><p dir="ltr" class="s11c21ebd-d5c6-4a28-bc8f-30bb970ed2c2P0-000005"><span xml:space="preserve" class="s11c21ebd-d5c6-4a28-bc8f-30bb970ed2c2000001"> </span></p></div></body></html>