The authority may make loans to mortgage lenders under terms and conditions requiring the proceeds to be used by such mortgage lenders for the making of new residential mortgages. Source: SL 1973, ch 180 , § 17 (2); SDCL Supp, § 28-19-105; SL 2012, ch 78 , § 76.
Loans to mortgage lenders for new residential mortgages
SDCL § 11-11-122 — under SOUTH DAKOTA HOUSING DEVELOPMENT AUTHORITY.
SDCL § 11-11-122