51A-17-62. Individual controlling a licensee or applicant--Information required.Any individual in control of a licensee or applicant or any individual that seeks to acquire control of a licensee, or each key individual must furnish to the director through NMLS the following items:(1)The individual's fingerprints for submission to the Federal Bureau of Investigation and the director for purposes of a national criminal history background check, unless the person currently resides outside of the United States and has resided outside of the United States for the last ten years; and(2)Personal history and experience in a form and in a medium prescribed by the director to obtain the following:(a)An independent credit report from a consumer reporting agency unless the individual does not have a Social Security number, in which case, this requirement shall be waived;(b)Information related to any criminal convictions or pending charges; and(c)Information related to any regulatory or administrative action and any civil litigation involving claims of fraud, misrepresentation, conversion, mismanagement of funds, breach of fiduciary duty, or breach of contract. Source: SL 2024, ch 196, §11.
South Dakota Legal Code