Department of Labor and Regulation

Title - Banking

Money Lenders

The State of South Dakota considers anyone engaged in the business of lending money, including creating and holding or purchasing or acquiring retail installment contracts, to be a Money Lender and subject to the licensing requirements of South Dakota Codified Law (SDCL) 54-4.

Payday and title lenders are also licensed as Money Lenders under SDCL 54-4. The Money Lender License Application is available in Adobe .pdf format at the link below under Forms. All application materials must be one-sided documents. Additionally, a money lender application can be submitted through the Nationwide Mortgage Licensing System & Registry (NMLS).

The NMLS website provides step-by-step instructions on how to access the system, guides on how to complete the MU forms, each state's transition plans and requirements, tutorials, current and future participating states, system alerts, system processing fees and general background information.

Requirements for Licensure


Renewal of License


Laws and Rules

List of Current Licensees


The following forms are available in Adobe .pdf format*.

Money Lender Application Form

Money Lender Bond Form

Please note: Any changes to application data, such as change of address, contact person, ownership, etc. must be reported to the Division of Banking via an amendment on the application form.

Laws and Rules

South Dakota Codified Law (SDCL) 54-4 on Money Lending Licenses

Administrative Rules of South Dakota (ARSD) Chapter 20:07:20 on Money Lending Licensees

U.S. Department of Defense Rule on Military Lending (in Adobe .pdf format*)

*Opening and printing Adobe .pdf files requires Adobe Acrobat Reader. Click here as needed to download the free Adobe Acrobat Reader.


Marcia Hultman, Secretary
123 W. Missouri Ave.
Pierre, SD 57501-4505
Tel. 605.773.3101
Fax. 605.773.6184