<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 36-21D-4 - Promulgation of rules regarding companies and services.</title><meta name="Generator" content="PowerTools for Open XML"><style>span { white-space: pre-wrap; } p.s2083091Normal { 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.s2083091SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2083091CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2083091Statute { 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; 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margin: 0; padding: 0; } body { text-decoration-skip-ink: none; } </style><meta name="viewport" content="width=device-width, initial-scale=1"><meta name="twitter:card" content="summary"><meta property="og:title" content="SD 36-21D-4 - Promulgation of rules regarding companies and services."><meta property="og:description" content="SDLRC Codified Law 36-21D-4 - Promulgation of rules regarding companies and services."><meta property="og:type" content="website"><meta property="og:url" content="https://sdlegislature.gov/Statutes?Statute=36-21D-4"><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="s2083091Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=36-21D-4" rel="noopener"><span class="s2083091SENU">36-21D-4</span></a><span xml:space="preserve" class="s2083091SENU">. </span><span xml:space="preserve" class="s2083091CL">Promulgation of rules regarding companies and services. </span></p><p dir="ltr" class="s2083091Statute"><span xml:space="preserve" class="s2083091DefaultParagraphFont">The secretary of the Department of Labor and Regulation may promulgate rules pursuant to chapter </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=1-26" rel="noopener"><span class="s2083091DefaultParagraphFont">1-26</span></a><span xml:space="preserve" class="s2083091DefaultParagraphFont"> relating to appraisal management companies and appraisal management services in the following areas:</span></p><p dir="ltr" class="s2083091StatuteNumber1"><span class="s2083091DefaultParagraphFont">(1)    Registration of appraisal management companies;</span></p><p dir="ltr" class="s2083091StatuteNumber1"><span class="s2083091DefaultParagraphFont">(2)    Definition of terms;</span></p><p dir="ltr" class="s2083091StatuteNumber1"><span class="s2083091DefaultParagraphFont">(3)    Responsibilities and duties;</span></p><p dir="ltr" class="s2083091StatuteNumber1"><span class="s2083091DefaultParagraphFont">(4)    Application for and issuance of certificate of registration;</span></p><p dir="ltr" class="s2083091StatuteNumber1"><span class="s2083091DefaultParagraphFont">(5)    Renewal and late renewal procedures;</span></p><p dir="ltr" class="s2083091StatuteNumber1"><span class="s2083091DefaultParagraphFont">(6)    Contracting for investigations;</span></p><p dir="ltr" class="s2083091StatuteNumber1"><span class="s2083091DefaultParagraphFont">(7)    Complaints and grounds for disciplinary actions, including denial, revocation, suspension, censure, and reprimand;</span></p><p dir="ltr" class="s2083091StatuteNumber1"><span class="s2083091DefaultParagraphFont">(8)    Retention and inspection of records;</span></p><p dir="ltr" class="s2083091StatuteNumber1"><span class="s2083091DefaultParagraphFont">(9)    Roster;</span></p><p dir="ltr" class="s2083091StatuteNumber1"><span class="s2083091DefaultParagraphFont">(10)    Review of appraisal related records;</span></p><p dir="ltr" class="s2083091StatuteNumber1"><span class="s2083091DefaultParagraphFont">(11)    Inspection, examination, and photocopy of records;</span></p><p dir="ltr" class="s2083091StatuteNumber1"><span class="s2083091DefaultParagraphFont">(12)    National registry fee collection and remittance; and</span></p><p dir="ltr" class="s2083091StatuteNumber1"><span class="s2083091DefaultParagraphFont">(13)    Filing of surety bonds or irrevocable letters of credit.</span></p><p dir="ltr" class="s2083091Normal"><span xml:space="preserve" class="s2083091000000"> </span></p><p dir="ltr" class="s2083091NoIndent"><span xml:space="preserve" class="s2083091DefaultParagraphFont-000001">Source: </span><span class="s2083091SCL">SL 2011, ch 184, § 4; SL 2014, ch 184, § 4; SL 2021, ch 168, § 36.</span></p></div></body></html>