South Dakota Codified Laws 58-27-43. Deduction from loan of amount guaranteed by administrator of veterans’affairs
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The extent to which a mortgage loan made under § 58-27-36 or 58-27-37 is guaranteed by the administrator of veterans’ affairs may be deducted before application of the limitations contained in § 58-27-42. The provisions of § 58-27-42 shall not apply to the bonds or notes described in § 58-27-36.
Terms Used In South Dakota Codified Laws 58-27-43
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
Source: SL 1966, ch 111, ch 6, § 25 (2).