Section 51A-17-51 – Multistate supervisory processes participation.
51A-17-51. Multistate supervisory processes participation. The director may participate in multistate supervisory processes established between states and coordinated through the Conference of State Bank Supervisors, Money Transmitter Regulators Association, and affiliates and successors thereof for all licensees in this state and other states. As a participant in multistate supervision, the director may: (1)Cooperate, coordinate, and […]
Section 51A-17-41 – Intentional misrepresentations or omissions in records–Engaging in activity without required license–Felony.
51A-17-41. Intentional misrepresentations or omissions in records–Engaging in activity without required license–Felony. Any person that intentionally makes a false statement, misrepresentation, or false certification in a record filed or required to be maintained under this chapter or that intentionally makes a false entry or omits a material entry in such a record is guilty of […]
Section 51A-17-42 – Order to show cause–Temporary restraining order–Cease and desist order–Administrative proceeding–Judicial review.
51A-17-42. Order to show cause–Temporary restraining order–Cease and desist order–Administrative proceeding–Judicial review. If the director has reason to believe that a person has violated or is violating §51A-17-4, the director may issue an order to show cause why an order to cease and desist should not issue requiring that the person cease and desist from […]
Section 51A-17-43 – Jurisdiction of the courts.
51A-17-43. Jurisdiction of the courts. Any person who engages in business activity regulated by this chapter is deemed to have consented to the jurisdiction of the courts of South Dakota for all actions arising under this chapter. Source: SL 2008, ch 253, §43.
Section 51A-17-45 – Licenses not assignable.
51A-17-45. Licenses not assignable. No license granted pursuant to this chapter is assignable. Source: SL 2008, ch 253, §45.
Section 51A-17-46 – Funds to be deposited with state treasurer and credited to banking special revenue fund.
51A-17-46. Funds to be deposited with state treasurer and credited to banking special revenue fund. Any money coming into the custody of the division pursuant to this chapter shall be deposited with the state treasurer. The state treasurer shall credit the money to the banking special revenue fund. Any expenditure of money out of the […]
Section 51A-17-47 – Promulgation of rules.
51A-17-47. Promulgation of rules. The director may promulgate rules pursuant to chapter 1-26 to establish the process for conducting background investigations, for the conduct of examinations, the reporting of information required by this chapter, and the process for the suspension or revocation of a license issued by the division. Source: SL 2008, ch 253, §47.
Section 51A-17-48 – Use of nationwide mortgage licensing system and registry as information channeling agent.
51A-17-48. Use of nationwide mortgage licensing system and registry as information channeling agent. The director may use the nationwide mortgage licensing system and registry as a channeling agent for requesting information from and distributing information to the United States Department of Justice and any other state and federal regulatory official or agency with money transmission […]
Section 51A-17-49 – Collection and maintenance of records and processing of fees.
51A-17-49. Collection and maintenance of records and processing of fees. The director may establish a relationship or enter into a contract with the nationwide mortgage licensing system and registry or an entity designated by the nationwide mortgage licensing system and registry to collect and maintain records and process transaction fees or other fees related to […]
Section 51A-17-50 – Confidentiality of information provided to nationwide mortgage licensing system and registry.
51A-17-50. Confidentiality of information provided to nationwide mortgage licensing system and registry. The following provisions apply to the sharing of information collected and retained by the director during the administration of this chapter: (1)The provisions of §51A-17-30 regarding privacy or confidentiality apply to any information or material provided to the nationwide mortgage licensing system and […]