Any bank may be provided access to motor vehicle title and lien information maintained on the state’s computer system via a modem and terminal owned by the bank. The Department of Labor and Regulation shall promulgate rules pursuant to chapter 1-26 to specify access availability. The secretary of state shall promulgate rules pursuant to chapter 1-26 to specify cost of access. The Department of Revenue may deny or revoke authority previously granted for accessing this information if the information accessed is used for any reason unrelated to the business of the bank.

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Terms Used In South Dakota Codified Laws 51A-4-43

  • Lien: A claim against real or personal property in satisfaction of a debt.

Source: SL 1994, ch 363, § 1; SL 2003, ch 272 (Ex. Ord. 03-1), § 82; SL 2011, ch 1 (Ex. Ord. 11-1), § 162, eff. Apr. 12, 2011.