meta name="description" content="Exemptions from Licensure Required by the South Dakota Division of Banking for Money Lenders." />
Money Lenders — Exemptions
Entities that are exempt from SDCL 54-4 are:
The State of South Dakota, any political subdivision of the state, and any quasi-governmental organization created by an executive order of the State of South Dakota and any subsidiary of such organization; any nonprofit corporation formed pursuant to SDCL Chapter 47-22; any nonprofit United States Treasury Community Development Financial Institution, Small Business Administration Certified Development Company, or Regional Revolving Loan Fund; or any commercial club, chamber of commerce, or industrial development corporation formed pursuant to SDCL 9-12-11 or SDCL 9-27-37 is subject to this chapter but exempt from initial license fees, renewal fees, and surety bond requirements under this chapter.