South Dakota Codified Laws 51A-12-11. Mortgage on real estate

Current as of: 2023 | Check for updates | Other versions

A bank may lend on the security of a first or subsequent mortgage on real estate.

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Mortgage: The written agreement pledging property to a creditor as collateral for a loan.

Source: SL 1969, ch 11, § 10.7; SL 1981, ch 346, § 56; SL 1988, ch 377, § 150; SDCL, § 51-24-10.