Escrow & Title
In South Dakota, prorations at closing are typically calculated based on:
AA 360-day year (banker's year)✓ Correct
BA 365-day year
CThe number of business days in the month
DA flat monthly rate
Explanation
Real estate prorations in South Dakota (and most states) are typically calculated using a 360-day banker's year (30-day months), which simplifies daily rate calculations.
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