SD Form 0061 Application to Establish a Loan Production Office - South Dakota

What Is SD Form 0061?

This is a legal form that was released by the South Dakota Department of Labor & Regulation - a government authority operating within South Dakota. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is SD Form 0061?A: SD Form 0061 is an application to establish a Loan Production Office in South Dakota.

Q: What is a Loan Production Office?A: A Loan Production Office is a facility established by a financial institution to engage in loan origination activities.

Q: Who can use SD Form 0061?A: Financial institutions looking to establish a Loan Production Office in South Dakota can use SD Form 0061.

Q: Why would a financial institution want to establish a Loan Production Office?A: Financial institutions may want to establish a Loan Production Office to expand their lending activities in South Dakota.

Q: Are there any requirements for establishing a Loan Production Office?A: Yes, there are requirements that need to be met, such as having a physical location, personnel, and appropriate licenses.

Q: What happens after submitting SD Form 0061?A: After submitting SD Form 0061, the regulatory authority will review the application and make a decision on whether to approve or deny the establishment of the Loan Production Office.