Title 47 — Property
52 chapters · 670 sections in this title.
N.D.C.C. § 47-34-01 Definitions
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As used in this chapter: 1. "Closing agent" means a person that closes a real estate transaction in connection with the purchase, sale, or financing of an interest in real estate. The term does not include a lender or an employee of a lender that conducts a settlement or closing …
N.D.C.C. § 47-34-02 Real estate transaction disbursements
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A closing agent may not make disbursements from an escrow account in connection with a real estate transaction unless funds that are received are good funds.
N.D.C.C. § 47-34-02.1 Acceptance of funds by closing agents
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1. At or prior to closing, a closing agent may accept a cashier's check for loan funds, if that check is delivered to the closing agent by a local issuing bank, savings and loan association, credit union, or savings bank, located in the same county as the closing agent or in a co…
N.D.C.C. § 47-34-03 Disclosures
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In a prominent manner in the closing documents, a closing agent shall disclose to the seller the anticipated closing date and all of the dates through which any loan payoffs are calculated.
N.D.C.C. § 47-34-04 Civil damages
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In addition to any other cause of action that may exist, a person may bring a cause of action against a person that violates section 47-34-02. In addition to any actual damages a plaintiff may prove, a person that violates section 47-34-02 is liable to the plaintiff for five hund…