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Financial Services Law Insights and Observations

South Dakota Division of Banking issues work from home guidance

State Issues Mortgages Loan Origination Licensing Covid-19 South Dakota

State Issues

On March 12, the South Dakota Division of Banking issued Memorandum 11-003 providing interim regulatory guidance allowing licensed mortgage loan originators to work from home, whether located in South Dakota or another state, even if the home is not a previously authorized location, so long as certain conditions are met.

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