<html xmlns="http://www.w3.org/1999/xhtml" lang="en-US"><head><meta charset="UTF-8"><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 32-7A-12 - Books, records, and files kept by licensees.</title><meta name="Generator" content="PowerTools for Open XML"><style>span { white-space: pre-wrap; } p.s2082708Normal { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s2082708SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2082708CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2082708Statute { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s2082708DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s2082708StatuteNumber1 { margin-left: 0.70in; text-indent: -0.45in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-right: 0; margin-bottom: .001pt; } span.s2082708000000 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s2082708NoIndent { text-indent: 0.00in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s2082708DefaultParagraphFont-000001 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2082708SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style><meta name="viewport" content="width=device-width, initial-scale=1"><meta name="twitter:card" content="summary"><meta property="og:title" content="SD 32-7A-12 - Books, records, and files kept by licensees."><meta property="og:description" content="SDLRC Codified Law 32-7A-12 - Books, records, and files kept by licensees."><meta property="og:type" content="website"><meta property="og:url" content="https://sdlegislature.gov/Statutes?Statute=32-7A-12"><meta property="og:image" content="https://lawmakerdocuments.blob.core.usgovcloudapi.net/photos/logoshape.webp"><meta property="og:site_name" content="South Dakota Legislature"></head><body><div><p dir="ltr" class="s2082708Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=32-7A-12" rel="noopener"><span class="s2082708SENU">32-7A-12</span></a><span xml:space="preserve" class="s2082708SENU">. </span><span xml:space="preserve" class="s2082708CL">Books, records, and files kept by licensees. </span></p><p dir="ltr" class="s2082708Statute"><span class="s2082708DefaultParagraphFont">A dealer or manufacturer licensed under the provisions of this chapter shall keep books, records, or files for five years in the form prescribed by the Department of Revenue, and include the following in the dealer's books, records, or files:</span></p><p dir="ltr" class="s2082708StatuteNumber1"><span class="s2082708DefaultParagraphFont">(1)    A record of the purchase, sale, or exchange, of any mobile or manufactured home;</span></p><p dir="ltr" class="s2082708StatuteNumber1"><span class="s2082708DefaultParagraphFont">(2)    A description of each mobile or manufactured home purchased, sold, or exchanged, together with the name and address of the owner or other person from whom the mobile or manufactured home was purchased or received and to whom it was sold or delivered. The description must include the mobile or manufactured home identification number and manufacturer's make and model; and</span></p><p dir="ltr" class="s2082708StatuteNumber1"><span class="s2082708DefaultParagraphFont">(3)    A certificate of title from the previous owner of any mobile or manufactured home not purchased from the manufacturer, from the time the mobile or manufactured home is delivered to the dealer until it has been disposed of by the dealer.</span></p><p dir="ltr" class="s2082708Statute"><span class="s2082708DefaultParagraphFont">The books, records, and files shall, at all times during business hours of the day, be subject to inspection by the secretary of revenue.</span></p><p dir="ltr" class="s2082708Normal"><span xml:space="preserve" class="s2082708000000"> </span></p><p dir="ltr" class="s2082708NoIndent"><span xml:space="preserve" class="s2082708DefaultParagraphFont-000001">Source: </span><span xml:space="preserve" class="s2082708SCL">SL 1984, ch 223, § 12; SL 2004, ch 17, § 103; SL 2005, ch 159, § 10; SL 2011, ch 1 (Ex. Ord. </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=11-1" rel="noopener"><span class="s2082708SCL">11-1</span></a><span class="s2082708SCL">), § 161, eff. Apr. 12, 2011; SL 2021, ch 130, § 8.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 32-7A-12 - Books, records, and files kept by licensees.</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2054112Normal { text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s2054112SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2054112CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2054112Normal-000000 { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s2054112DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s2054112Normal-000001 { margin-left: 0.70in; text-indent: -0.45in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-right: 0; margin-bottom: .001pt; } p.s2054112Normal-000002 { text-indent: 0.25in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s2054112000003 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2054112SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2054112SCL-000004 { 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="s2054112Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=32-7A-12.1"><span class="s2054112SENU">32-7A-12.1</span></a><span xml:space="preserve" class="s2054112SENU">. </span><span class="s2054112CL">Offer to sell, sale, or exchange of mobile or manufactured home without certificate of title allowed under specified circumstances.</span></p><p dir="ltr" class="s2054112Normal-000000"><span class="s2054112DefaultParagraphFont">A dealer may offer for sale, sell, or exchange a mobile or manufactured home without a certificate of title if the dealer complies with the following applicable provisions:</span></p><p dir="ltr" class="s2054112Normal-000001"><span class="s2054112DefaultParagraphFont">(1)    The dealer has a record of purchase, sale, or exchange of a mobile or manufactured home to include the satisfaction of any outstanding liens or encumbrances and a secured power of attorney;</span></p><p dir="ltr" class="s2054112Normal-000001"><span class="s2054112DefaultParagraphFont">(2)    If the mobile or manufactured home is encumbered by a lien noted on the title, the dealer shows that payment has been tendered to the lienholder for the amount of the lien, except a lien that is the result of dealer inventory financing; or</span></p><p dir="ltr" class="s2054112Normal-000001"><span class="s2054112DefaultParagraphFont">(3)    If the dealer is required by law to obtain title prior to offering the mobile or manufactured home for sale and the dealer has applied for title through the electronic on-line title system and has submitted the documents to the department.</span></p><p dir="ltr" class="s2054112Normal-000002"><span xml:space="preserve" class="s2054112DefaultParagraphFont">This section does not relieve a dealer from the provisions of § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=32-3-7"><span class="s2054112DefaultParagraphFont">32-3-7</span></a><span class="s2054112DefaultParagraphFont">.</span></p><p dir="ltr" class="s2054112Normal"><span xml:space="preserve" class="s2054112000003"> </span></p><p dir="ltr" class="s2054112Normal"><span class="s2054112SCL">Source:</span><span xml:space="preserve" class="s2054112SCL-000004"> SL 2005, ch 159, § 11.</span></p><p dir="ltr" class="s2054112Normal"><span xml:space="preserve" class="s2054112000003"> </span></p><p dir="ltr" class="s2054112Normal"><span xml:space="preserve" class="s2054112000003"> </span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 32-7A-12 - Books, records, and files kept by licensees.</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2054113Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2054113SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2054113CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2054113Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2054113DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2054113000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2054113SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2054113SCL-000002 { 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="s2054113Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=32-7A-12.2"><span class="s2054113SENU">32-7A-12.2</span></a><span xml:space="preserve" class="s2054113SENU">. </span><span class="s2054113CL">Agreement that dealer will satisfy lien by paying lienholder--Trade of mobile or manufactured home or consignment agreement--Theft.</span></p><p dir="ltr" class="s2054113Normal-000000"><span xml:space="preserve" class="s2054113DefaultParagraphFont">If a person trades in a mobile or manufactured home to a dealer or enters into a consignment agreement with a dealer whereby the dealer will sell the mobile or manufactured home and the mobile or manufactured home has a lien noted on the title, the dealer and person may agree that the dealer shall satisfy the lien amount by paying the lienholder who is noted on the title. Failure to satisfy a lien pursuant to this section constitutes theft pursuant to chapter </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=22-30A"><span class="s2054113DefaultParagraphFont">22-30A</span></a><span class="s2054113DefaultParagraphFont">. The degree of theft is determined by the amount of the unsatisfied lien. Multiple violations of this section occurring within any thirty-day period may be aggregated in amount to determine the degree of theft.</span></p><p dir="ltr" class="s2054113Normal"><span xml:space="preserve" class="s2054113000001"> </span></p><p dir="ltr" class="s2054113Normal"><span class="s2054113SCL">Source:</span><span xml:space="preserve" class="s2054113SCL-000002"> SL 2005, ch 159, § 12.</span></p><p dir="ltr" class="s2054113Normal"><span xml:space="preserve" class="s2054113000001"> </span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 32-7A-12 - Books, records, and files kept by licensees.</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2054114Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2054114SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2054114CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2054114Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2054114DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2054114000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2054114SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2054114SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } body { text-decoration-skip-ink: none; } </style></head><body><div><p dir="ltr" class="s2054114Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=32-7A-12.3"><span class="s2054114SENU">32-7A-12.3</span></a><span xml:space="preserve" class="s2054114SENU">. </span><span class="s2054114CL">Time period to satisfy lien after receipt of funds--Offering mobile or manufactured home for sale prior to tender to lienholder.</span></p><p dir="ltr" class="s2054114Normal-000000"><span xml:space="preserve" class="s2054114DefaultParagraphFont">If a dealer enters into an agreement pursuant to § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=32-7A-12.2"><span class="s2054114DefaultParagraphFont">32-7A-12.2</span></a><span class="s2054114DefaultParagraphFont">, the dealer shall satisfy the lien within ten business days after the receipt of funds. No dealer may offer the mobile or manufactured home for sale until payment has been tendered to the lienholder, except on a consigned mobile or manufactured home, whereby the dealer shall comply with the terms of the consignment agreement.</span></p><p dir="ltr" class="s2054114Normal"><span xml:space="preserve" class="s2054114000001"> </span></p><p dir="ltr" class="s2054114Normal"><span class="s2054114SCL">Source:</span><span xml:space="preserve" class="s2054114SCL-000002"> SL 2005, ch 159, § 13.</span></p><p dir="ltr" class="s2054114Normal"><span xml:space="preserve" class="s2054114000001"> </span></p></div></body></html>