reglab/housing_qa huggingface dataset:
SD Codified L § 11-11-101 (2021)
2021 South Dakota Codified Laws|Title 11 - Planning, Zoning and Housing Programs|Chapter 11 - South Dakota Housing Development Authority|Section 11-11-101 - Exemption of authority from taxes, recording fees and transfer taxes.

11-11-101. Exemption of authority from taxes, recording fees and transfer taxes.The exercise of the powers granted by this chapter will be in all respects for the benefit of the people of the state, for their well being and prosperity and for the improvement of their social and economic conditions, and the authority shall not be required to pay any tax or assessment of any kind on any property owned by the authority under the provisions of this chapter or upon the income therefrom; nor shall the authority be required to pay any recording fee or transfer tax of any kind on account of instruments recorded by it or on its behalf. Source: SL 1973, ch 180, §50; SDCL Supp, §28-19-92.
SD Codified L § 11-11-114 (2021)
2021 South Dakota Codified Laws|Title 11 - Planning, Zoning and Housing Programs|Chapter 11 - South Dakota Housing Development Authority|Section 11-11-114 - Confidentiality of applications and financial information.

11-11-114. Confidentiality of applications and financial information.All applications for a mortgage under the single-family homeownership program, and all financial statements, income statements, income tax returns, and other information, if any, required to accompany such applications under regulations of the authority shall be confidential, except for official purposes in the same manner and subject to the same penalty for unlawful disclosure as are provided for tax returns in §§10-1-28.1 to 10-1-28.9, inclusive. Source: SL 1980, ch 204, §9; SDCL Supp, §28-19-102.3; SL 1983, ch 106, §4Q.
SD Codified L § 11-11-115 (2021)
2021 South Dakota Codified Laws|Title 11 - Planning, Zoning and Housing Programs|Chapter 11 - South Dakota Housing Development Authority|Section 11-11-115 - Applications--Signatures and certification required--Perjury.

11-11-115. Applications--Signatures and certification required--Perjury.Each application submitted to the authority shall be signed by the applicant and by an officer of the originating mortgage lender and shall certify under oath subject to penalties for perjury that all material facts have been disclosed to the best of the knowledge of the signatories. Allegations of perjury in such cases shall be referred by the authority to the attorney general for investigation and prosecution. Source: SL 1980, ch 204, §10; SDCL Supp, §28-19-102.4.
SD Codified L § 11-11-117 (2021)
2021 South Dakota Codified Laws|Title 11 - Planning, Zoning and Housing Programs|Chapter 11 - South Dakota Housing Development Authority|Section 11-11-117 - Construction to be substantially completed, or final insurance or guarantee certificate issued before loan disbursed.

11-11-117. Construction to be substantially completed, or final insurance or guarantee certificate issued before loan disbursed.The authority may not disburse a loan for the acquisition of a homeownership housing unit until construction is substantially complete or the final insurance or guarantee certificate has been issued. Source: SL 1980, ch 204, §17; SDCL Supp, §28-19-102.6; SL 1981, ch 221, §4; SL 1995, ch 80, §17.
SD Codified L § 11-11-118 (2021)
2021 South Dakota Codified Laws|Title 11 - Planning, Zoning and Housing Programs|Chapter 11 - South Dakota Housing Development Authority|Section 11-11-118 - Additional lending powers of authority.

11-11-118. Additional lending powers of authority.The authority shall have all the powers necessary or convenient to carry out and effectuate the purposes and provisions of this chapter, including the powers set forth in §§11-11-119 to 11-11-135, inclusive, in addition to others herein granted. Source: SL 1973, ch 180, §17; SDCL Supp, §28-19-103.
SD Codified L § 11-11-119 (2021)
2021 South Dakota Codified Laws|Title 11 - Planning, Zoning and Housing Programs|Chapter 11 - South Dakota Housing Development Authority|Section 11-11-119 - Purchase of mortgages from mortgage lenders.

11-11-119. Purchase of mortgages from mortgage lenders.The authority may invest in, purchase or make commitments to purchase, and take assignments from mortgage lenders, of notes and mortgages evidencing loans for the construction, rehabilitation, purchase, leasing, or refinancing of housing in this state. Source: SL 1973, ch 180, §17 (1); SDCL Supp, §28-19-104; SL 1983, ch 106, §4S; SL 2012, ch 78, §74.
SD Codified L § 11-11-120 (2021)
2021 South Dakota Codified Laws|Title 11 - Planning, Zoning and Housing Programs|Chapter 11 - South Dakota Housing Development Authority|Section 11-11-120 - Purchase of securities from mortgage lenders.

11-11-120. Purchase of securities from mortgage lenders.The authority may, pursuant to this section but not subject to other provisions of this chapter, purchase or commit to purchase securities from mortgage lenders if:(1)Payment of the securities are guaranteed or insured by an agency or instrumentality of the United States government, subject to any limit on the amount of the beneficial interest of any single entity which is so guaranteed or insured under federal law or regulation, or insured by an insurance company qualified to write such insurance in the state, insuring not less than twenty percent of the security evidencing an interest in mortgage loans; and(2)(a)The securities evidence an interest in, or are payable from, mortgage loans for residential housing; or(b)The securities are a debt obligation of the mortgage lenders and the proceeds of the securities or their equivalent are required to be reinvested in mortgage loans for residential housing, or invested in short term obligations pending the reinvestment in such mortgage loans. Source: SL 1974, ch 195, §4; SDCL Supp, §28-19-104.1; SL 1983, ch 106, §2.
SD Codified L § 11-11-122 (2021)
2021 South Dakota Codified Laws|Title 11 - Planning, Zoning and Housing Programs|Chapter 11 - South Dakota Housing Development Authority|Section 11-11-122 - Loans to mortgage lenders for new residential mortgages.

11-11-122. Loans to mortgage lenders for new residential mortgages.The authority may make loans to mortgage lenders under terms and conditions requiring the proceeds to be used by such mortgage lenders for the making of new residential mortgages. Source: SL 1973, ch 180, §17 (2); SDCL Supp, §28-19-105; SL 2012, ch 78, §76.
SD Codified L § 11-11-123 (2021)
2021 South Dakota Codified Laws|Title 11 - Planning, Zoning and Housing Programs|Chapter 11 - South Dakota Housing Development Authority|Section 11-11-123 - Requirements for transactions with mortgage lenders.

11-11-123. Requirements for transactions with mortgage lenders.Terms and conditions of the purchase and sale to mortgage lenders of mortgage loans and loans to mortgage lenders, shall be as set forth in §11-11-124. Source: SL 1973, ch 180, §20; SDCL Supp, §28-19-106.
SD Codified L § 11-11-124 (2021)
2021 South Dakota Codified Laws|Title 11 - Planning, Zoning and Housing Programs|Chapter 11 - South Dakota Housing Development Authority|Section 11-11-124 - Eligibility of obligations purchased from mortgage lenders for purchase or purchase commitment--Criteria.

11-11-124. Eligibility of obligations purchased from mortgage lenders for purchase or purchase commitment--Criteria.No obligation purchased from a mortgage lender, other than an obligation purchased from or guaranteed by an agency or instrumentality of the United States government, shall be eligible for purchase or commitment to purchase by the authority under §11-11-119 unless at or before the time of transfer thereof to the authority such mortgage lender certifies:(1)That in its judgment the loan would in all respects be a prudent investment for its own account; and(2)That the mortgage loans transferred to the authority are for residential housing within South Dakota; or(3)That the proceeds of sale or its equivalent shall be reinvested in residential mortgages within the State of South Dakota, or invested in short-term obligations pending the purchase of such residential mortgages. Source: SL 1973, ch 180, §20 (1); SDCL Supp, §28-19-107; SL 1974, ch 195, §5; SL 1983, ch 106, §4U.
SD Codified L § 11-11-134 (2021)
2021 South Dakota Codified Laws|Title 11 - Planning, Zoning and Housing Programs|Chapter 11 - South Dakota Housing Development Authority|Section 11-11-134 - Purchase of federally insured housing mortgages.

11-11-134. Purchase of federally insured housing mortgages.The authority may make commitments to purchase, and purchase, service, and sell federally insured mortgages and make loans directly upon the security of any such mortgage, if the underlying mortgage loans have been made and continue to be used solely to finance or refinance the construction, rehabilitation, purchase, or leasing of residential housing in this state. Source: SL 1973, ch 180, §17 (3); SDCL Supp, §28-19-115; SL 1983, ch 106, §4Z; SL 2012, ch 78, §85.
SD Codified L § 11-11-135 (2021)
2021 South Dakota Codified Laws|Title 11 - Planning, Zoning and Housing Programs|Chapter 11 - South Dakota Housing Development Authority|Section 11-11-135 - Sale or transfer of mortgage loan or obligation.

11-11-135. Sale or transfer of mortgage loan or obligation.The authority may sell or otherwise dispose of, at public or private sale, with or without public bidding, or assign or transfer, any mortgage loan or other obligation held by the authority, including, without limitation, the transfer of a mortgage loan or other obligation to any trust or other legal entity and the receipt of ownership interests therein. Source: SL 1973, ch 180, §17 (4); SDCL Supp, §28-19-116; SL 2012, ch 78, §86.
SD Codified L § 11-11-137 (2021)
2021 South Dakota Codified Laws|Title 11 - Planning, Zoning and Housing Programs|Chapter 11 - South Dakota Housing Development Authority|Section 11-11-137 - Court actions to enforce loans or protect the public interest--Foreclosure.

11-11-137. Court actions to enforce loans or protect the public interest--Foreclosure.The authority may institute any action or proceeding against any housing sponsor or persons and families receiving a loan pursuant to the provisions of this chapter, or owning any housing development or housing project pursuant to the provisions of this chapter in any court of competent jurisdiction in order to enforce the provisions of this chapter or the terms and provisions of any agreement or contract between the authority and such recipients of loans under the provisions of this chapter, or to foreclose its mortgage, or to protect the public interest, the occupants of the housing development, or the stockholders or creditors of such sponsor. Source: SL 1973, ch 180, §14 (5); SDCL Supp, §28-19-118; SL 1983, ch 106, §4AA; SL 2012, ch 78, §88.
SD Codified L § 11-11-138 (2021)
2021 South Dakota Codified Laws|Title 11 - Planning, Zoning and Housing Programs|Chapter 11 - South Dakota Housing Development Authority|Section 11-11-138 - Receiver appointed to safeguard authority's loan.

11-11-138. Receiver appointed to safeguard authority's loan.In connection with any action or proceeding pursuant to §11-11-137, the authority may apply for the appointment of a receiver to take over, manage, operate, and maintain the affairs of such housing sponsor, and the authority through such agent as it shall designate is hereby authorized to accept the appointment of such receiver of any such sponsor when so appointed by a court of competent jurisdiction. Source: SL 1973, ch 180, §14 (5); SDCL Supp, §28-19-119.
SD Codified L § 11-11-139 (2021)
2021 South Dakota Codified Laws|Title 11 - Planning, Zoning and Housing Programs|Chapter 11 - South Dakota Housing Development Authority|Section 11-11-139 - Reorganization of housing sponsor subject to control by authority.

11-11-139. Reorganization of housing sponsor subject to control by authority.In the event of the reorganization of any housing sponsor, such reorganization shall be subject to the supervision and control of the authority, and no such reorganization shall be had without the prior written consent of the authority. Source: SL 1973, ch 180, §15; SDCL Supp, §28-19-120.
SD Codified L § 11-11-140 (2021)
2021 South Dakota Codified Laws|Title 11 - Planning, Zoning and Housing Programs|Chapter 11 - South Dakota Housing Development Authority|Section 11-11-140 - Notice to authority before sale of real property on judgment against housing sponsor--Protective steps taken by authority.

11-11-140. Notice to authority before sale of real property on judgment against housing sponsor--Protective steps taken by authority.In the event of a judgment against any housing sponsor in any action not pertaining to the foreclosure of a mortgage, there shall be no sale of any of the real property included in any housing development hereunder of such housing sponsor except upon sixty days' written notice to the authority. Upon receipt of such notice the authority shall take such steps as in its judgment may be necessary to protect the rights of all parties. Source: SL 1973, ch 180, §16; SDCL Supp, §28-19-121.
SD Codified L § 11-11-141 (2021)
2021 South Dakota Codified Laws|Title 11 - Planning, Zoning and Housing Programs|Chapter 11 - South Dakota Housing Development Authority|Section 11-11-141 - Promulgation of rules regarding borrowers, admission of occupants, and ancillary commercial facilities.

11-11-141. Promulgation of rules regarding borrowers, admission of occupants, and ancillary commercial facilities.The authority may promulgate rules pursuant to this chapter, regarding the definition of persons and families of low and moderate income, the regulation of borrowers, the admission of occupants to housing developments pursuant to this chapter, and the construction of ancillary commercial facilities. Source: SL 1973, ch 180, §14 (3); SDCL Supp, §28-19-122; SL 1985, ch 103, §2; SL 2012, ch 78, §89.
SD Codified L § 11-11-144 (2021)
2021 South Dakota Codified Laws|Title 11 - Planning, Zoning and Housing Programs|Chapter 11 - South Dakota Housing Development Authority|Section 11-11-144 - Provisions governing loans and other financing to sponsors of multifamily units and day-care facilities.

11-11-144. Provisions governing loans and other financing to sponsors of multifamily units and day-care facilities.Mortgage loans and other financing made by the authority to housing sponsors of multifamily residential housing units and sponsors of day-care facilities shall be subject to the terms and conditions set forth in §§11-11-148 to 11-11-161, inclusive, as applicable. Source: SL 1973, ch 180, §19; SDCL Supp, §28-19-125; SL 1995, ch 80, §18.
SD Codified L § 11-11-148 (2021)
2021 South Dakota Codified Laws|Title 11 - Planning, Zoning and Housing Programs|Chapter 11 - South Dakota Housing Development Authority|Section 11-11-148 - Loans restricted to sponsors meeting statutory definition.

11-11-148. Loans restricted to sponsors meeting statutory definition.No application for a loan for a housing development shall be processed unless the applicant is a housing sponsor as defined in §11-11-7. Source: SL 1973, ch 180, §19 (1); SDCL Supp, §28-19-126.
SD Codified L § 11-11-149 (2021)
2021 South Dakota Codified Laws|Title 11 - Planning, Zoning and Housing Programs|Chapter 11 - South Dakota Housing Development Authority|Section 11-11-149 - Amount and amortization period of FHA loans.

11-11-149. Amount and amortization period of FHA loans.The ratio of loan to total housing development cost and the amortization period of loans made under this chapter which are insured by the Federal Housing Administration (FHA) shall be governed by the FHA mortgage insurance commitment for each housing development; but in no event shall such amortization period exceed fifty years. Source: SL 1973, ch 180, §19 (2); SDCL Supp, §28-19-127.
SD Codified L § 11-11-150 (2021)
2021 South Dakota Codified Laws|Title 11 - Planning, Zoning and Housing Programs|Chapter 11 - South Dakota Housing Development Authority|Section 11-11-150 - Amount and amortization of non-FHA loans.

11-11-150. Amount and amortization of non-FHA loans.In the case of a mortgage loan not insured by FHA the amount of the loan may not exceed one hundred percent of the total housing development cost as determined by the authority and the amortization period of such loan shall be determined in accordance with regulations formulated and published by the authority; but in no event may such amortization period exceed fifty years. If the mortgage loan provided by the authority is subordinated to mortgage loans made by other lenders to finance the multifamily residential housing project or day-care facility, the foregoing limitation shall be applied to the aggregate of mortgage financing provided from all sources. Source: SL 1973, ch 180, §19 (2); SDCL Supp, §28-19-128; SL 1995, ch 80, §20.
SD Codified L § 11-11-151 (2021)
2021 South Dakota Codified Laws|Title 11 - Planning, Zoning and Housing Programs|Chapter 11 - South Dakota Housing Development Authority|Section 11-11-151 - Terms and form of loans or other financing--Investment in multifamily residential housing projects and day-care facilities.

11-11-151. Terms and form of loans or other financing--Investment in multifamily residential housing projects and day-care facilities.Each mortgage loan made or other financing provided by the authority shall contain such terms and provisions and be in such form as approved by the authority. With respect to multifamily residential housing projects and day-care facilities, the authority may also assist the development of such housing projects and day-care facilities by investing as a limited partner or shareholder in the housing sponsor upon such terms and conditions as the authority determines. Source: SL 1973, ch 180, §19 (6); SDCL Supp, §28-19-129; SL 1995, ch 80, §21; SL 2012, ch 78, §96.
SD Codified L § 11-11-152 (2021)
2021 South Dakota Codified Laws|Title 11 - Planning, Zoning and Housing Programs|Chapter 11 - South Dakota Housing Development Authority|Section 11-11-152 - Interest rates on which loans made--Additional charges.

11-11-152. Interest rates on which loans made--Additional charges.The authority shall have authority to set from time to time the interest rates at which it shall make loans and commitments therefor. Such interest rates shall be established by the authority at the lowest level consistent with the authority's cost of operation and its responsibilities to the holders of its bonds, bond anticipation notes, and other obligations. In addition to such interest charges, the authority may make and collect such fees and charges, including but not limited to reimbursement of the authority's financing costs, service charges, insurance premiums, and mortgage insurance premiums, as the authority determines to be reasonable. Source: SL 1973, ch 180, §19 (4); SDCL Supp, §28-19-130.
SD Codified L § 11-11-155 (2021)
2021 South Dakota Codified Laws|Title 11 - Planning, Zoning and Housing Programs|Chapter 11 - South Dakota Housing Development Authority|Section 11-11-155 - Surety bonds and other assurances of payment and performance.

11-11-155. Surety bonds and other assurances of payment and performance.If the authority is providing mortgage financing, the authority shall require the housing sponsor receiving a loan or its contractor to post surety bonds or other assurances of payment of labor and materials, and construction performance in such amounts as the authority may deem necessary and to execute such other assurances and guarantees as the authority may deem necessary. Source: SL 1973, ch 180, §19 (6); SDCL Supp, §28-19-133; SL 1995, ch 80, §23; SL 2012, ch 78, §98.
SD Codified L § 11-11-161 (2021)
2021 South Dakota Codified Laws|Title 11 - Planning, Zoning and Housing Programs|Chapter 11 - South Dakota Housing Development Authority|Section 11-11-161 - Conditions of mortgage loan or other financing.

11-11-161. Conditions of mortgage loan or other financing.As a condition of a mortgage loan or other financing, the authority may, at all times during the construction or rehabilitation of a housing development or housing project by a housing sponsor and the operation thereof:(1)Order such alterations, changes, or repairs as may be necessary to protect the security of the authority's investment in a housing development or the health, safety, and welfare of the occupants thereof and ensure that the housing development is or has been constructed or rehabilitated in conformity with all applicable federal, state, and local building codes; and(2)Order any managing agent, housing development manager, or owner of a housing development to do such acts as may be necessary to comply with the provisions of all applicable laws, ordinances or building codes or any rule or regulation of the authority or the terms of any agreement concerning the development or refrain from doing any acts in violation thereof and in this regard the authority is a proper party to file a complaint and to prosecute on the complaint for any violations of laws, ordinances, or building codes as set forth in this section. Source: SL 1973, ch 180, §19 (8) (b); SDCL Supp, §28-19-139; SL 1995, ch 80, §29; SL 2012, ch 78, §104.
SD Codified L § 11-11-163 (2021)
2021 South Dakota Codified Laws|Title 11 - Planning, Zoning and Housing Programs|Chapter 11 - South Dakota Housing Development Authority|Section 11-11-163 - Supervision of multifamily residential housing units and day-care facilities.

11-11-163. Supervision of multifamily residential housing units and day-care facilities.The authority, in the supervision of housing sponsors of multifamily residential housing units and day-care facilities and their real and personal property, may:(1)Prescribe uniform systems of accounts and records for housing sponsors;(2)Require housing sponsors to make reports and give answers to specific questions on such forms and at such times as may be prescribed by the authority;(3)Examine all books and records with reference to capital structure, income, expenditures, and other payments of a housing sponsor;(4)Pay to the authority such fees as the authority may prescribe in connection with the examination, inspection, supervision, auditing, or other regulation of the housing sponsor;(5)Enter upon and inspect the lands, buildings, and equipment of a housing sponsor, including all parts thereof;(6)Supervise the operation and maintenance of any such housing development or housing project and order such repairs as may be necessary to protect the public interest or the health, welfare, or safety of the occupants;(7)Fix and alter from time to time a schedule of rents and charges for any such housing development; and(8)Require any housing sponsor to pay to the authority such fees as it may prescribe in connection with the examination, inspection, supervision, auditing, or other regulation of the housing sponsor. Source: SL 1973, ch 180, §18 (1); SDCL Supp, §28-19-141; SL 1995, ch 80, §31; SL 2012, ch 78, §106.