<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 54-14-20.2 - Exemption of attorneys from mortgage loan originator license requirement. </title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2072444Normal { 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.s2072444SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2072444CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2072444Normal-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.s2072444DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s2072444Normal-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.s2072444000002 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2072444SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2072444SCL-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="s2072444Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=54-14-20.2"><span class="s2072444SENU">54-14-20.2</span></a><span xml:space="preserve" class="s2072444SENU">. </span><span class="s2072444CL">Exemption of attorneys from mortgage loan originator license requirement.</span></p><p dir="ltr" class="s2072444Normal-000000"><span class="s2072444DefaultParagraphFont">Any attorney licensed in this state performing activities that come within the definition of a mortgage loan originator, is not required to be licensed as a mortgage loan originator if such activities are:</span></p><p dir="ltr" class="s2072444Normal-000001"><span class="s2072444DefaultParagraphFont">(1)    Considered by the South Dakota Supreme Court to be part of the authorized practice of law in South Dakota;</span></p><p dir="ltr" class="s2072444Normal-000001"><span class="s2072444DefaultParagraphFont">(2)    Carried out within an attorney-client relationship; and</span></p><p dir="ltr" class="s2072444Normal-000001"><span class="s2072444DefaultParagraphFont">(3)    Accomplished by the attorney in compliance with all applicable laws, rules, and standards of professional conduct.</span></p><p dir="ltr" class="s2072444Normal"><span xml:space="preserve" class="s2072444000002"> </span></p><p dir="ltr" class="s2072444Normal"><span class="s2072444SCL">Source:</span><span xml:space="preserve" class="s2072444SCL-000003"> SL 2012, ch 237, § 2.</span></p></div></body></html>