<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.s4d272891-9094-42d3-878d-b56e32c171dbP0 { 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.s4d272891-9094-42d3-878d-b56e32c171dbC0 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s4d272891-9094-42d3-878d-b56e32c171dbC0-000000 { color: #0000FF; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s4d272891-9094-42d3-878d-b56e32c171dbC0-000001 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s4d272891-9094-42d3-878d-b56e32c171db000002 { color: black; background: white; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s4d272891-9094-42d3-878d-b56e32c171dbC0-000003 { 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="s4d272891-9094-42d3-878d-b56e32c171dbP0"><span xml:space="preserve" class="s4d272891-9094-42d3-878d-b56e32c171dbC0">    </span><a href="https://sdlegislature.gov/Rules?Rule=12:03:03:11"><span class="s4d272891-9094-42d3-878d-b56e32c171dbC0-000000">12:03:03:11</span></a><span class="s4d272891-9094-42d3-878d-b56e32c171dbC0-000001">.  Disposition of loan extension or modification request -- Limitations on approval.</span><span xml:space="preserve" class="s4d272891-9094-42d3-878d-b56e32c171dbC0"> Within 120 days after the submission of a request for an extension or modification of the terms of a loan, the commission shall </span><span class="s4d272891-9094-42d3-878d-b56e32c171dbC0">approve or deny</span><span xml:space="preserve" class="s4d272891-9094-42d3-878d-b56e32c171dbC0"> the request. The commission may not approve a request for an extension of a loan beyond three years or modify the amount of annual payments to less than $250.</span></p><p dir="ltr" class="s4d272891-9094-42d3-878d-b56e32c171dbP0"><span xml:space="preserve" class="s4d272891-9094-42d3-878d-b56e32c171db000002"> </span></p><p dir="ltr" class="s4d272891-9094-42d3-878d-b56e32c171dbP0"><span xml:space="preserve" class="s4d272891-9094-42d3-878d-b56e32c171dbC0">    </span><span class="s4d272891-9094-42d3-878d-b56e32c171dbC0-000001">Source:</span><span xml:space="preserve" class="s4d272891-9094-42d3-878d-b56e32c171dbC0"> 11 SDR 59, effective October 29, 1984; 12 SDR 128, 12 SDR 154, effective July 1, 1986; 21 SDR 90, effective November 14, 1994</span><span class="s4d272891-9094-42d3-878d-b56e32c171dbC0">; 49 SDR 48, effective November 23, 2022</span><span class="s4d272891-9094-42d3-878d-b56e32c171dbC0">.</span></p><p dir="ltr" class="s4d272891-9094-42d3-878d-b56e32c171dbP0"><span xml:space="preserve" class="s4d272891-9094-42d3-878d-b56e32c171dbC0">    </span><span class="s4d272891-9094-42d3-878d-b56e32c171dbC0-000001">General Authority:</span><span xml:space="preserve" class="s4d272891-9094-42d3-878d-b56e32c171dbC0"> SDCL </span><a href="https://sdlegislature.gov/Statutes?Statute=38-8-53"><span class="s4d272891-9094-42d3-878d-b56e32c171dbC0-000003">38-8-53</span></a><span class="s4d272891-9094-42d3-878d-b56e32c171dbC0">.</span></p><p dir="ltr" class="s4d272891-9094-42d3-878d-b56e32c171dbP0"><span xml:space="preserve" class="s4d272891-9094-42d3-878d-b56e32c171dbC0">    </span><span class="s4d272891-9094-42d3-878d-b56e32c171dbC0-000001">Law Implemented:</span><span xml:space="preserve" class="s4d272891-9094-42d3-878d-b56e32c171dbC0"> SDCL </span><a href="https://sdlegislature.gov/Statutes?Statute=38-8-53"><span class="s4d272891-9094-42d3-878d-b56e32c171dbC0-000003">38-8-53</span></a><span class="s4d272891-9094-42d3-878d-b56e32c171dbC0">.</span></p><p dir="ltr" class="s4d272891-9094-42d3-878d-b56e32c171dbP0"><span xml:space="preserve" class="s4d272891-9094-42d3-878d-b56e32c171db000002"> </span></p></div></body></html>