<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.sf2b14ddf-0151-4421-985d-1deb4ec2a584P0 { 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.sf2b14ddf-0151-4421-985d-1deb4ec2a584C0 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.sf2b14ddf-0151-4421-985d-1deb4ec2a584C0-000000 { color: #0000FF; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sf2b14ddf-0151-4421-985d-1deb4ec2a584C0-000001 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sf2b14ddf-0151-4421-985d-1deb4ec2a584000002 { color: black; background: white; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.sf2b14ddf-0151-4421-985d-1deb4ec2a584C0-000003 { 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="sf2b14ddf-0151-4421-985d-1deb4ec2a584P0"><span xml:space="preserve" class="sf2b14ddf-0151-4421-985d-1deb4ec2a584C0">    </span><a href="https://sdlegislature.gov/Rules?Rule=12:03:03:10"><span class="sf2b14ddf-0151-4421-985d-1deb4ec2a584C0-000000">12:03:03:10</span></a><span class="sf2b14ddf-0151-4421-985d-1deb4ec2a584C0-000001">.  Criteria for commission review of loan extension or modification request.</span><span xml:space="preserve" class="sf2b14ddf-0151-4421-985d-1deb4ec2a584C0"> The commission shall review a request for an extension or modification of the terms of a loan and shall </span><span class="sf2b14ddf-0151-4421-985d-1deb4ec2a584C0">consider</span><span class="sf2b14ddf-0151-4421-985d-1deb4ec2a584C0">:</span></p><p dir="ltr" class="sf2b14ddf-0151-4421-985d-1deb4ec2a584P0"><span xml:space="preserve" class="sf2b14ddf-0151-4421-985d-1deb4ec2a584000002"> </span></p><p dir="ltr" class="sf2b14ddf-0151-4421-985d-1deb4ec2a584P0"><span xml:space="preserve" class="sf2b14ddf-0151-4421-985d-1deb4ec2a584C0">    (1)  The reason for the request;</span></p><p dir="ltr" class="sf2b14ddf-0151-4421-985d-1deb4ec2a584P0"><span xml:space="preserve" class="sf2b14ddf-0151-4421-985d-1deb4ec2a584C0">    (2)  The status of the current loan;</span></p><p dir="ltr" class="sf2b14ddf-0151-4421-985d-1deb4ec2a584P0"><span xml:space="preserve" class="sf2b14ddf-0151-4421-985d-1deb4ec2a584C0">    (3)  The financial history of the current loan;</span></p><p dir="ltr" class="sf2b14ddf-0151-4421-985d-1deb4ec2a584P0"><span xml:space="preserve" class="sf2b14ddf-0151-4421-985d-1deb4ec2a584C0">    (4)  The security for the current loan and for the request, if any;</span><span xml:space="preserve" class="sf2b14ddf-0151-4421-985d-1deb4ec2a584C0"> and</span></p><p dir="ltr" class="sf2b14ddf-0151-4421-985d-1deb4ec2a584P0"><span xml:space="preserve" class="sf2b14ddf-0151-4421-985d-1deb4ec2a584C0">    (5)  The availability of funds in the revolving fund.</span></p><p dir="ltr" class="sf2b14ddf-0151-4421-985d-1deb4ec2a584P0"><span xml:space="preserve" class="sf2b14ddf-0151-4421-985d-1deb4ec2a584000002"> </span></p><p dir="ltr" class="sf2b14ddf-0151-4421-985d-1deb4ec2a584P0"><span xml:space="preserve" class="sf2b14ddf-0151-4421-985d-1deb4ec2a584C0">    </span><span class="sf2b14ddf-0151-4421-985d-1deb4ec2a584C0-000001">Source:</span><span xml:space="preserve" class="sf2b14ddf-0151-4421-985d-1deb4ec2a584C0"> 11 SDR 59, effective October 29, 1984; 12 SDR 128, 12 SDR 154, effective July 1, 1986</span><span class="sf2b14ddf-0151-4421-985d-1deb4ec2a584C0">; 49 SDR 48, effective November 23, 2022</span><span class="sf2b14ddf-0151-4421-985d-1deb4ec2a584C0">.</span></p><p dir="ltr" class="sf2b14ddf-0151-4421-985d-1deb4ec2a584P0"><span xml:space="preserve" class="sf2b14ddf-0151-4421-985d-1deb4ec2a584C0">    </span><span class="sf2b14ddf-0151-4421-985d-1deb4ec2a584C0-000001">General Authority:</span><span xml:space="preserve" class="sf2b14ddf-0151-4421-985d-1deb4ec2a584C0"> SDCL </span><a href="https://sdlegislature.gov/Statutes?Statute=38-8-53"><span class="sf2b14ddf-0151-4421-985d-1deb4ec2a584C0-000003">38-8-53</span></a><span class="sf2b14ddf-0151-4421-985d-1deb4ec2a584C0">.</span></p><p dir="ltr" class="sf2b14ddf-0151-4421-985d-1deb4ec2a584P0"><span xml:space="preserve" class="sf2b14ddf-0151-4421-985d-1deb4ec2a584C0">    </span><span class="sf2b14ddf-0151-4421-985d-1deb4ec2a584C0-000001">Law Implemented:</span><span xml:space="preserve" class="sf2b14ddf-0151-4421-985d-1deb4ec2a584C0"> SDCL </span><a href="https://sdlegislature.gov/Statutes?Statute=38-8-53"><span class="sf2b14ddf-0151-4421-985d-1deb4ec2a584C0-000003">38-8-53</span></a><span class="sf2b14ddf-0151-4421-985d-1deb4ec2a584C0">.</span></p><p dir="ltr" class="sf2b14ddf-0151-4421-985d-1deb4ec2a584P0"><span xml:space="preserve" class="sf2b14ddf-0151-4421-985d-1deb4ec2a584000002"> </span></p></div></body></html>