20:07:19:12.  Pre-licensing education of mortgage loan originators. In order to meet the pre-licensing education requirement in SDCL 54-14-13.1(4), an individual shall complete at least twenty hours of education approved according to the standards established in 12 U.S.C. 5104 (c) as of January 1, 2009.

          Source: 36 SDR 99, effective December 10, 2009; 39 SDR 55, effective October 8, 2012.

          General Authority: SDCL 54-14-31.

          Law Implemented: SDCL 54-14-13.1(4).