Section 54-14-13.4 - License required for loan processor or underwriter--Identification through nationwidemortgage licensing system and registry. - South Dakota Statutes

54-14-13.4. License required for loan processor or underwriter--Identification through nationwide mortgage licensing system and registry. No loan processor or underwriter who is an independent contractor may engage in the activities of a loan processor or underwriter unless the loan processor or underwriter obtains and maintains a license under this chapter. Each loan processor or underwriter who is an independent contractor licensed as a mortgage loan originator shall have and maintain a valid unique identifier issued by the nationwide mortgage licensing system and registry.

Source: SL 2009, ch 251, § 13.