<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.sd4cba25e-53fc-40b2-b89f-2f824c1ce75cP0 { 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.sd4cba25e-53fc-40b2-b89f-2f824c1ce75cC0 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.sd4cba25e-53fc-40b2-b89f-2f824c1ce75cC0-000000 { color: #0000FF; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sd4cba25e-53fc-40b2-b89f-2f824c1ce75cC0-000001 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sd4cba25e-53fc-40b2-b89f-2f824c1ce75c000002 { color: black; background: white; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.sd4cba25e-53fc-40b2-b89f-2f824c1ce75cC0-000003 { 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="sd4cba25e-53fc-40b2-b89f-2f824c1ce75cP0"><span xml:space="preserve" class="sd4cba25e-53fc-40b2-b89f-2f824c1ce75cC0">    </span><a href="https://sdlegislature.gov/Rules?Rule=68:02:01:55"><span class="sd4cba25e-53fc-40b2-b89f-2f824c1ce75cC0-000000">68:02:01:55</span></a><span class="sd4cba25e-53fc-40b2-b89f-2f824c1ce75cC0-000001">.  Banking Commission examination.</span><span xml:space="preserve" class="sd4cba25e-53fc-40b2-b89f-2f824c1ce75cC0"> The board shall request the South Dakota </span><span xml:space="preserve" class="sd4cba25e-53fc-40b2-b89f-2f824c1ce75cC0">State </span><span class="sd4cba25e-53fc-40b2-b89f-2f824c1ce75cC0">Banking Commission to make an annual examination of the board's lending policies and procedures and the documentation and classification of loans in the REDI fund loan portfolio</span><span xml:space="preserve" class="sd4cba25e-53fc-40b2-b89f-2f824c1ce75cC0"> and all other loans administered by the board</span><span class="sd4cba25e-53fc-40b2-b89f-2f824c1ce75cC0">.</span></p><p dir="ltr" class="sd4cba25e-53fc-40b2-b89f-2f824c1ce75cP0"><span xml:space="preserve" class="sd4cba25e-53fc-40b2-b89f-2f824c1ce75c000002"> </span></p><p dir="ltr" class="sd4cba25e-53fc-40b2-b89f-2f824c1ce75cP0"><span xml:space="preserve" class="sd4cba25e-53fc-40b2-b89f-2f824c1ce75cC0">    </span><span class="sd4cba25e-53fc-40b2-b89f-2f824c1ce75cC0-000001">Source:</span><span xml:space="preserve" class="sd4cba25e-53fc-40b2-b89f-2f824c1ce75cC0"> 34 SDR 68, effective September 13, 2007; 39 SDR 16, effective August 6, 2012</span><span class="sd4cba25e-53fc-40b2-b89f-2f824c1ce75cC0">; 52 SDR 49, effective November 17, 2025</span><span class="sd4cba25e-53fc-40b2-b89f-2f824c1ce75cC0">.</span></p><p dir="ltr" class="sd4cba25e-53fc-40b2-b89f-2f824c1ce75cP0"><span xml:space="preserve" class="sd4cba25e-53fc-40b2-b89f-2f824c1ce75cC0">    </span><span class="sd4cba25e-53fc-40b2-b89f-2f824c1ce75cC0-000001">General Authority:</span><span xml:space="preserve" class="sd4cba25e-53fc-40b2-b89f-2f824c1ce75cC0"> SDCL </span><a href="https://sdlegislature.gov/Statutes?Statute=1-16G-5"><span class="sd4cba25e-53fc-40b2-b89f-2f824c1ce75cC0-000003">1-16G-5</span></a><span class="sd4cba25e-53fc-40b2-b89f-2f824c1ce75cC0">.</span></p><p dir="ltr" class="sd4cba25e-53fc-40b2-b89f-2f824c1ce75cP0"><span xml:space="preserve" class="sd4cba25e-53fc-40b2-b89f-2f824c1ce75cC0">    </span><span class="sd4cba25e-53fc-40b2-b89f-2f824c1ce75cC0-000001">Law Implemented:</span><span xml:space="preserve" class="sd4cba25e-53fc-40b2-b89f-2f824c1ce75cC0"> SDCL </span><a href="https://sdlegislature.gov/Statutes?Statute=1-16G-5"><span class="sd4cba25e-53fc-40b2-b89f-2f824c1ce75cC0-000003">1-16G-5</span></a><span class="sd4cba25e-53fc-40b2-b89f-2f824c1ce75cC0">.</span></p><p dir="ltr" class="sd4cba25e-53fc-40b2-b89f-2f824c1ce75cP0"><span xml:space="preserve" class="sd4cba25e-53fc-40b2-b89f-2f824c1ce75c000002"> </span></p></div></body></html>