Title 6 — Banks and Banking
45 chapters · 536 sections in this title.
N.D.C.C. § 6-09.13-01 Definitions
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In this chapter, unless the context or subject matter otherwise requires: 1. "Agriculture partnership in assisting community expansion fund" means a fund established to buy down the interest rate on loans to on-farm businesses under this chapter. 2. "Family farm" means agricultur…
N.D.C.C. § 6-09.13-02 Loans - Participation by the Bank of North Dakota
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1. The Bank of North Dakota may make available an appropriate amount of funds to purchase participation interests in loans made by financial institutions for the purposes as set forth in section 6-09.13-03. 2. The amount of a participation interest purchased by the Bank under thi…
N.D.C.C. § 6-09.13-03 Loans to farmers - Purposes - Eligible uses
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The loan moneys received by a farmer under this chapter must be used for a farm business. Eligible uses are: 1. Purchase of real property and equipment. 2. Expansions. 3. Working capital. 4. Purchase of inventory. 5. Subsurface field tiling projects. The moneys cannot be used to …
N.D.C.C. § 6-09.13-05 Interest rate buydown
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The Bank of North Dakota may use moneys in the agriculture partnership in assisting community expansion fund to reduce the interest rate on loans made under this chapter.