A bank may lend on the security of a first or subsequent mortgage on real estate.
S.D. Codified Laws § 51A-12-11
Mortgage on real estate
Source: SL 1969, ch 11, § 10.7; SL 1981, ch 346, § 56; SL 1988, ch 377, § 150; SDCL, § 51-24-10.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.