™Your Policy Risk Impact Agent
19 chapters · 268 sections in this title.
N.D.C.C. § 13-10-01 Purpose
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The purpose of this chapter is to protect consumers seeking mortgage loans and to ensure that the mortgage lending industry is operating without unfair, deceptive, and fraudulent practices on the part of mortgage loan originators.
N.D.C.C. § 13-10-02 Definitions
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For purposes of this chapter: 1. "Depository institution" has the same meaning as is currently defined under section 3 of the Federal Deposit Insurance Act and includes any credit union. 2. "Federal banking agencies" means the board of governors of the federal reserve system, the…
N.D.C.C. § 13-10-03 License and registration required
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1. An individual, unless specifically exempted from this chapter under subsection 2, shall not engage in the business of a mortgage loan originator with respect to any dwelling located in this state without first obtaining and maintaining annually a license under this chapter. Ea…
N.D.C.C. § 13-10-04 State license and registration application and issuance
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1. Applicants for a license shall apply in a form as prescribed by the commissioner. Each such form must contain content as set forth by rule, regulation, instruction, or procedure of the commissioner and may be changed or updated as necessary by the commissioner in order to carr…
