Section 54-14-25.1 - Civil penalty for acting without required license or registration. - South-dakota Statutes

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54-14-25.1. Civil penalty for acting without required license or registration. The director may impose a civil penalty in an amount not to exceed one thousand dollars upon any person acting as a mortgage lender, mortgage brokerage, mortgage broker, or mortgage loan originator in this state without the required license or registration. Each instance of operating without a license, or holding oneself out as being authorized to conduct the business authorized by this chapter, constitutes a separate violation of this chapter and subjects any such person to a civil penalty for each violation. A civil penalty for a series of violations may not exceed twenty-five thousand dollars.

Source: SL 2009, ch 251, § 15.

State Codes and Statutes

Statutes > South-dakota > Title-54 > Chapter-14 > Statute-54-14-25-1

54-14-25.1. Civil penalty for acting without required license or registration. The director may impose a civil penalty in an amount not to exceed one thousand dollars upon any person acting as a mortgage lender, mortgage brokerage, mortgage broker, or mortgage loan originator in this state without the required license or registration. Each instance of operating without a license, or holding oneself out as being authorized to conduct the business authorized by this chapter, constitutes a separate violation of this chapter and subjects any such person to a civil penalty for each violation. A civil penalty for a series of violations may not exceed twenty-five thousand dollars.

Source: SL 2009, ch 251, § 15.

State Codes and Statutes

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State Codes and Statutes

Statutes > South-dakota > Title-54 > Chapter-14 > Statute-54-14-25-1

54-14-25.1. Civil penalty for acting without required license or registration. The director may impose a civil penalty in an amount not to exceed one thousand dollars upon any person acting as a mortgage lender, mortgage brokerage, mortgage broker, or mortgage loan originator in this state without the required license or registration. Each instance of operating without a license, or holding oneself out as being authorized to conduct the business authorized by this chapter, constitutes a separate violation of this chapter and subjects any such person to a civil penalty for each violation. A civil penalty for a series of violations may not exceed twenty-five thousand dollars.

Source: SL 2009, ch 251, § 15.