<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.scadde784-4854-48be-9aeb-d853e5a5d176P0 { 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%; } span.scadde784-4854-48be-9aeb-d853e5a5d176C0 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.scadde784-4854-48be-9aeb-d853e5a5d176C0-000000 { color: #0000FF; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.scadde784-4854-48be-9aeb-d853e5a5d176C0-000001 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.scadde784-4854-48be-9aeb-d853e5a5d176000002 { color: black; background: white; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.scadde784-4854-48be-9aeb-d853e5a5d176C0-000003 { color: #0000FF; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="scadde784-4854-48be-9aeb-d853e5a5d176P0"><span xml:space="preserve" class="scadde784-4854-48be-9aeb-d853e5a5d176C0">    </span><a href="https://sdlegislature.gov/Rules?Rule=70:05:03:13"><span class="scadde784-4854-48be-9aeb-d853e5a5d176C0-000000">70:05:03:13</span></a><span class="scadde784-4854-48be-9aeb-d853e5a5d176C0-000001">.  Review of financial status.</span><span xml:space="preserve" class="scadde784-4854-48be-9aeb-d853e5a5d176C0"> </span><span class="scadde784-4854-48be-9aeb-d853e5a5d176C0">T</span><span xml:space="preserve" class="scadde784-4854-48be-9aeb-d853e5a5d176C0">he board or the </span><span class="scadde784-4854-48be-9aeb-d853e5a5d176C0">department</span><span xml:space="preserve" class="scadde784-4854-48be-9aeb-d853e5a5d176C0"> may conduct an overall review of the financial status</span><span xml:space="preserve" class="scadde784-4854-48be-9aeb-d853e5a5d176C0"> of an applicant or borrower and any benefitted entity</span><span xml:space="preserve" class="scadde784-4854-48be-9aeb-d853e5a5d176C0">. The review may include an analysis of all assets and liabilities and an analysis of the ability of the applicant </span><span xml:space="preserve" class="scadde784-4854-48be-9aeb-d853e5a5d176C0">or borrower and any benefitted entity </span><span class="scadde784-4854-48be-9aeb-d853e5a5d176C0">to service and honor the loan commitments.</span></p><p dir="ltr" class="scadde784-4854-48be-9aeb-d853e5a5d176P0"><span xml:space="preserve" class="scadde784-4854-48be-9aeb-d853e5a5d176000002"> </span></p><p dir="ltr" class="scadde784-4854-48be-9aeb-d853e5a5d176P0"><span xml:space="preserve" class="scadde784-4854-48be-9aeb-d853e5a5d176C0">    </span><span class="scadde784-4854-48be-9aeb-d853e5a5d176C0-000001">Source:</span><span xml:space="preserve" class="scadde784-4854-48be-9aeb-d853e5a5d176C0"> 19 SDR 107, effective January 24, 1993</span><span class="scadde784-4854-48be-9aeb-d853e5a5d176C0">; 49 SDR 47, effective November 21, 2022</span><span class="scadde784-4854-48be-9aeb-d853e5a5d176C0">.</span></p><p dir="ltr" class="scadde784-4854-48be-9aeb-d853e5a5d176P0"><span xml:space="preserve" class="scadde784-4854-48be-9aeb-d853e5a5d176C0">    </span><span class="scadde784-4854-48be-9aeb-d853e5a5d176C0-000001">General Authority:</span><span xml:space="preserve" class="scadde784-4854-48be-9aeb-d853e5a5d176C0"> SDCL </span><a href="https://sdlegislature.gov/Statutes?Statute=49-16C-3"><span class="scadde784-4854-48be-9aeb-d853e5a5d176C0-000003">49-16C-3</span></a><span class="scadde784-4854-48be-9aeb-d853e5a5d176C0">.</span></p><p dir="ltr" class="scadde784-4854-48be-9aeb-d853e5a5d176P0"><span xml:space="preserve" class="scadde784-4854-48be-9aeb-d853e5a5d176C0">    </span><span class="scadde784-4854-48be-9aeb-d853e5a5d176C0-000001">Law Implemented:</span><span xml:space="preserve" class="scadde784-4854-48be-9aeb-d853e5a5d176C0"> SDCL </span><a href="https://sdlegislature.gov/Statutes?Statute=1-44-20"><span class="scadde784-4854-48be-9aeb-d853e5a5d176C0-000003">1-44-20</span></a><span xml:space="preserve" class="scadde784-4854-48be-9aeb-d853e5a5d176C0">, </span><a href="https://sdlegislature.gov/Statutes?Statute=49-16C-3"><span class="scadde784-4854-48be-9aeb-d853e5a5d176C0-000003">49-16C-3</span></a><span class="scadde784-4854-48be-9aeb-d853e5a5d176C0">.</span></p><p dir="ltr" class="scadde784-4854-48be-9aeb-d853e5a5d176P0"><span xml:space="preserve" class="scadde784-4854-48be-9aeb-d853e5a5d176000002"> </span></p></div></body></html>