No lender may enforce a due-on-sale clause unless the real estate mortgage includes such clause.
S.D. Codified Laws § 44-8-28
Inclusion of due-on-sale clause in mortgage required for enforcement
Applied in 1 court decision — leading case First Federal Savings & Loan Ass'n of Rapid City v. Clark Investment Co. (1982)
Most recently applied in First Federal Savings & Loan Ass'n of Rapid City v. Clark Investment Co. (July 1982)
Source: SL 1981, ch 311, § 2.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.