<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 51A-17-62 - Individual controlling a licensee or applicant--Information required.</title><meta name="Generator" content="PowerTools for Open XML"><style>span { white-space: pre-wrap; } p.sd26527edd1a441caaf835fbe1a6bf963Normal { 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.sd26527edd1a441caaf835fbe1a6bf963SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sd26527edd1a441caaf835fbe1a6bf963CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.sd26527edd1a441caaf835fbe1a6bf963Statute { text-indent: 0.50in; text-align: justify; 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and</span></p><p dir="ltr" class="sd26527edd1a441caaf835fbe1a6bf963StatuteNumber1"><span class="sd26527edd1a441caaf835fbe1a6bf963DefaultParagraphFont">(2)    Personal history and experience in a form and in a medium prescribed by the director to obtain the following:</span></p><p dir="ltr" class="sd26527edd1a441caaf835fbe1a6bf963StatuteNumber2"><span class="sd26527edd1a441caaf835fbe1a6bf963DefaultParagraphFont">(a)    An independent credit report from a consumer reporting agency unless the individual does not have a Social Security number, in which case, this requirement shall be waived;</span></p><p dir="ltr" class="sd26527edd1a441caaf835fbe1a6bf963StatuteNumber2"><span class="sd26527edd1a441caaf835fbe1a6bf963DefaultParagraphFont">(b)    Information related to any criminal convictions or pending charges; and</span></p><p dir="ltr" class="sd26527edd1a441caaf835fbe1a6bf963StatuteNumber2"><span class="sd26527edd1a441caaf835fbe1a6bf963DefaultParagraphFont">(c)    Information related to any regulatory or administrative action and any civil litigation involving claims of fraud, misrepresentation, conversion, mismanagement of funds, breach of fiduciary duty, or breach of contract.</span></p><p dir="ltr" class="sd26527edd1a441caaf835fbe1a6bf963Normal"><span xml:space="preserve" class="sd26527edd1a441caaf835fbe1a6bf963000000"> </span></p><p dir="ltr" class="sd26527edd1a441caaf835fbe1a6bf963NoIndent"><span xml:space="preserve" class="sd26527edd1a441caaf835fbe1a6bf963DefaultParagraphFont-000001">Source: </span><span class="sd26527edd1a441caaf835fbe1a6bf963SCL">SL 2024, ch 196, § 11.</span></p></div></body></html>