License required for company originating, selling, or servicing nonresidential mortgage loans

SDCL § 54-14-13.5 — under MORTGAGE LENDER BUSINESS.

SDCL § 54-14-13.5

Any company who, for valuable consideration, originates, sells, or services nonresidential mortgage loans, shall apply for, on forms prescribed by the director, and maintain, a mortgage lending license and is subject to the tax as provided in §