<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 54-14-13.2 - (See § 54-14-13.3 for effective dates) Mortgage loan originator license--Renewal standards. </title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2072432Normal { 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.s2072432SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2072432CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2072432Normal-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.s2072432DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s2072432Normal-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; } span.s2072432000002 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2072432SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2072432SCL-000003 { 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="s2072432Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=54-14-13.2"><span class="s2072432SENU">54-14-13.2</span></a><span xml:space="preserve" class="s2072432SENU">. </span><span xml:space="preserve" class="s2072432CL">(See § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=54-14-13.3"><span class="s2072432CL">54-14-13.3</span></a><span xml:space="preserve" class="s2072432CL"> for effective dates) Mortgage loan originator license--Renewal standards.</span></p><p dir="ltr" class="s2072432Normal-000000"><span class="s2072432DefaultParagraphFont">The minimum standards for license renewal for mortgage loan originators shall include the following:</span></p><p dir="ltr" class="s2072432Normal-000001"><span xml:space="preserve" class="s2072432DefaultParagraphFont">(1)    The mortgage loan originator continues to meet the minimum standards for license issuance under subdivisions </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=54-14-13.1"><span class="s2072432DefaultParagraphFont">54-14-13.1</span></a><span class="s2072432DefaultParagraphFont">(1) to (5), inclusive; and</span></p><p dir="ltr" class="s2072432Normal-000001"><span xml:space="preserve" class="s2072432DefaultParagraphFont">(2)    The mortgage loan originator has satisfied the annual continuing education requirements provided by rule pursuant to § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=54-14-31"><span class="s2072432DefaultParagraphFont">54-14-31</span></a><span class="s2072432DefaultParagraphFont">.</span></p><p dir="ltr" class="s2072432Normal"><span xml:space="preserve" class="s2072432000002"> </span></p><p dir="ltr" class="s2072432Normal"><span class="s2072432SCL">Source:</span><span xml:space="preserve" class="s2072432SCL-000003"> SL 2009, ch 251, § 9.</span></p></div></body></html>