36-21D-4. Promulgation of rules regarding companies and services. The secretary of the Department of Labor and Regulation may promulgate rules pursuant to chapter 1-26 relating to appraisal management companies and appraisal management services in the following areas:(1)Registration of appraisal management companies;(2)Definition of terms;(3)Responsibilities and duties;(4)Application for and issuance of certificate of registration;(5)Renewal and late renewal procedures;(6)Contracting for investigations;(7)Complaints and grounds for disciplinary actions, including denial, revocation, suspension, censure, and reprimand;(8)Retention and inspection of records;(9)Roster;(10)Review of appraisal related records;(11)Inspection, examination, and photocopy of records;(12)National registry fee collection and remittance; and(13)Filing of surety bonds or irrevocable letters of credit. Source: SL 2011, ch 184, §4; SL 2014, ch 184, §4; SL 2021, ch 168, § 36.
South Dakota Legal Code