South Dakota § 44-8-29 - Definition of terms.
Full text of South Dakota South Dakota Codified Laws § 44-8-29 — Definition of terms., with citation guidance and answers to common questions.
§ 44-8-29. Definition of terms.
Terms used in §§ 44-8-30 to 44-8-35, inclusive, mean:
(1) "Mortgage," a mortgage or mortgage lien on an interest in real property in this state given to secure a loan;
(2) "Mortgagee," the grantee of a mortgage or, if a mortgage has been assigned of record, the last person to whom the mortgage has been assigned of record;
(3) "Mortgage servicer," the last person to whom a mortgagor or the mortgagor's successor in the interest has been instructed by a mortgagee to send payments on a loan secured by a mortgage. A person transmitting a payoff statement is the mortgage servicer for the mortgage described in the payment statement;
(4) "Mortgagor," the grantor of a mortgage;
(5) "Payoff statement," a statement of the amount of the unpaid balance of a loan secured by a mortgage, including principal, interest, and any other charges properly due under or secured by the mortgage; and interest on a per day basis for the unpaid balance;
(6) "Record," to record with the county register of deeds;
(7) "Title insurance company," any corporation or other business entity authorized and licensed to transact the business of insuring titles to interests in real property in this state under chapter 58-25.
Source: SL 1997, ch 251, § 1.
Source: official South Dakota text · Last verified 2026-08-27
Frequently Asked Questions About South Dakota § 44-8-29
What does South Dakota Codified Laws § 44-8-29 cover?
Section 44-8-29 ("Definition of terms.") is part of the South Dakota Codified Laws, the codified statutory law of South Dakota. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite South Dakota § 44-8-29?
A common citation format is "South Dakota Codified Laws § 44-8-29" (South Dakota). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of South Dakota law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the South Dakota official source linked on this page or consult a licensed South Dakota attorney.
How does South Dakota § 44-8-29 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in South Dakota can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in South Dakota.