<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 54-14-12.4 - Registered mortgage loan originator defined. </title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2072429Normal { 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.s2072429SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2072429CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2072429Normal-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.s2072429DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s2072429Normal-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.s2072429Normal-000002 { margin-left: 1.14in; text-indent: -0.44in; 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.s2072429000003 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2072429SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2072429SCL-000004 { 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="s2072429Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=54-14-12.4"><span class="s2072429SENU">54-14-12.4</span></a><span xml:space="preserve" class="s2072429SENU">. </span><span class="s2072429CL">Registered mortgage loan originator defined.</span></p><p dir="ltr" class="s2072429Normal-000000"><span class="s2072429DefaultParagraphFont">For the purposes of this chapter, the term, registered mortgage loan originator, means any individual who:</span></p><p dir="ltr" class="s2072429Normal-000001"><span class="s2072429DefaultParagraphFont">(1)    Meets the definition of mortgage loan originator and is an employee of:</span></p><p dir="ltr" class="s2072429Normal-000002"><span class="s2072429DefaultParagraphFont">(a)    A depository institution;</span></p><p dir="ltr" class="s2072429Normal-000002"><span class="s2072429DefaultParagraphFont">(b)    A subsidiary that is owned and controlled by a depository institution and regulated by a federal banking agency; or</span></p><p dir="ltr" class="s2072429Normal-000002"><span class="s2072429DefaultParagraphFont">(c)    An institution regulated by the Farm Credit Administration; and</span></p><p dir="ltr" class="s2072429Normal-000001"><span class="s2072429DefaultParagraphFont">(2)    Is registered with, and maintains a unique identifier through, the nationwide mortgage licensing system and registry.</span></p><p dir="ltr" class="s2072429Normal"><span xml:space="preserve" class="s2072429000003"> </span></p><p dir="ltr" class="s2072429Normal"><span class="s2072429SCL">Source:</span><span xml:space="preserve" class="s2072429SCL-000004"> SL 2009, ch 251, § 5.</span></p></div></body></html>