South Dakota Department of Labor and Regulation
Division of Banking

IN THE MATTER OF: Order No. 2017-2
Dollar Loan Center of South Dakota, LLC
DBA Dollar Loan Center
MYL No. 2840
8860 Sunset Road Suite 100
Las Vegas, NV 89148


The Director of the South Dakota Division of Banking (?Division?), having previously
determined that Dollar Loan Center of South Dakota, LLC has engaged in, or is engaging in, or is
about to engage in, acts or practices constituting violations of state and federal law and applicable
regulations, entered a CEASE AND DESIST AND LICENSE REVOCATION ORDER, (Order
No. 2017-2), dated September 13, 2017, which is incorporated herein by this reference. The
Director hereby enters the following LIMITED STAY of Order No. 2017?2.

It is hereby:

ORDERED that Dollar Loan Center of South Dakota, LLC may service any loans
originated by Dollar Loan Center of South Dakota, LLC prior to November 16, 2016 so long as
the servicing of those loans does not violate SDCL Chapter 54?4; it is further

ORDERED that Dollar Loan Center of South Dakota, LLC is required to provide the
following documents within twenty-one (21) days from the date of this Limited Stay:

1. A listing of unpaid loans originated prior to November 16, 2016, identifying whether

those loans have been turned over to a third party for collection or if a civil action for
collection has been commenced.

2. A listing of unpaid loans originated prior to November 16, 2016, including the name

 

of the borrower, origination date, loan term, payment frequency, payment amount,
interest rate, unpaid late charges, maturity date, unpaid balance, unpaid interest, and

number of days past due, if any; it is further
ORDERED that Dollar Loan Center of South Dakota, LLC is required to provide to the
Division no later than the close of business on the Monday of each month item the date of this
Limited Stay forward a detailed payment report showing all loan payments received by Dollar
Loan Center of South Dakota, LLC during the preceding nionth. The Report shall include, at a
miniinum, the borrower name, payment due date, payment date, payment amount, principal paid,

interest paid, and fees paid.

     

 

DATED. ?lm! 210;"!
. seamen . X, 
Director

Division of Banking

 

CERTIFICATE OF SERVICE

Paul E. Bachand, Attorney for the South Dakota Division of Banking, hereby certi?es
that on the 28th day of September, 2017, he served by electronic mail a true copy of the Limited

Stay upon the following:

Sander J. Morehead

Attorney for Dollar Loan Center of South Dakota, LLC
PO Box 5027

Sioux Falls, SD 57117-5027
sandermorehead?lwoodsfullereom



day of September, 2017.

Dated this 9 i

MOREN BACHAND, P.C.
PAUL E. BACHAND

206 W. Missouri Avenue

PO Box 1174

Pierre, SD 57501

(605) 224?0461

(605) 224-1607 (fax)

pbachand@nirlaw.com