South Dakota Codified Laws on Banking
Administrative Rules of South Dakota on Banking
Supervisory Guidance and Memorandums Issued by the Division of Banking
South Dakota Codified Laws (SDCL) Enforced by the Division of Banking
Banking Statutes — SDCL Title 51A
Banking Commission — SDCL 51A-2
Administrative Rules of South Dakota (ARSD) Regulated and Enforced by the Division of Banking and Pertaining to All Entities Supervised by the Division
Banking Rules — ARSD Article 20:07
(ARSD Article 20:07 establishes regulations for all entities supervised by the Division of Banking.)
Supervisory Guidance and Memorandums Issued by the Division of Banking (in Adobe .pdf format*)
Accounting Issues
Financial Accounting Standard 166 — Participation Guidance
Investments
Borrowing By Banks
Federal Home Loan Mortgage Corporation (FHLMC) Permissible
Bank Investment
Liabilities
Public Funds Pledging
Loan Procedures/Documentation
Guarantee Agreements Memo
Loan Participation Guidance
Loan Participation GuidanceManagement (Policies, Violations, etc.)
Liquidity Guidance 2008
Trust
Minimum Presence within the State — South Dakota Codified Law
51A-6AElectronic Notification System — e-mail required
New Trust Legislation — June 23, 2011
New Trust Legislation — June 8, 2010
Safe Act/SDCL 54-14 — June 12, 2009
New Trust Legislation — June 12, 2009
New Legislation and Rules — June 11, 2008
Changes In Trust Laws — June 6, 2008
New Money Lender Record Keeping Rule — June 5, 2008
New Trust Legislation — April 26, 2007
Types of Entities Operating in South Dakota which are Supervised by the Division of Banking
| Type of Entity | South Dakota Codified Law (SDCL) Authorizing |
State Chartered Banks |
|
State Chartered Trust Companies |
|
Money Transmitters |
|
Money Lenders |
|
Mortgage Lender |
|
Mortgage Brokers |
|
Mortgage Loan Originators |
Regulations of the Board of Governors of the Federal Reserve System
The Board of Governors of the Federal Reserve regulates state chartered banks who are members of the Federal Reserve System.
Laws and Regulations Federal Deposit Insurance Corporation (FDIC)
The FDIC regulates all state chartered institutions which are not members of the Federal Reserve System.
Laws and Regulations of the Office of the Comptroller of the Currency (OCC)
The OCC regulates all nationally chartered institutions. These institutions generally contain the words federal or national in their names, or the letters "N.A." are often located at the end of the institution's name. This also includes federal savings and loan associations, and federal savings banks.
Consumer Financial Protection Bureau (CFPB)
The CFPB a newly established Federal agency charged with making markets for consumer financial products and services work for Americans by promoting transparency and consumer choice, and preventing abusive and deceptive financial practices.
If you cannot find the information you are looking for among the topics listed in the left-hand menu or through one of the options above, please contact us.
Division of Banking
South Dakota Department of Labor and Regulation
217 1/2 W. Missouri Ave.
Pierre, SD 57501
Phone: 605.773.3421
Fax: 866.326.7504
e-mail: banking@state.sd.us
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700 Governors Drive
Pierre, SD 57501-2291
Tel. 605.773.3101
Fax. 605.773.6184
