54-14-12.4. Registered mortgage loan originator defined.For the purposes of this chapter, the term, registered mortgage loan originator, means any individual who:(1)Meets the definition of mortgage loan originator and is an employee of:(a)A depository institution;(b)A subsidiary that is owned and controlled by a depository institution and regulated by a federal banking agency; or(c)An institution regulated by the Farm Credit Administration; and(2)Is registered with, and maintains a unique identifier through, the nationwide mortgage licensing system and registry. Source: SL 2009, ch 251, §5.
South Dakota Legal Code