Title 6 — Banks and Banking
45 chapters · 536 sections in this title.
N.D.C.C. § 6-09.16-01 Definitions
0.1K chars
Terms defined in chapter 50-30 have the same meaning when used in this chapter.
N.D.C.C. § 6-09.16-02 Long-term care facility loan fund - Continuing appropriation
0.4K chars
A revolving loan fund must be maintained in the Bank of North Dakota for the purpose of making loans to nursing facilities, basic care facilities, or assisted living facilities for renovation projects. All moneys transferred into the fund, interest upon moneys in the fund, and co…
N.D.C.C. § 6-09.16-03 Long-term care facility loan fund
0.7K chars
1. There is created a long-term care facility loan fund. The fund consists of revenue transferred from the North Dakota health care trust fund, interest upon moneys in the fund, and collections of interest and principal on loans made from the fund. 2. The Bank of North Dakota sha…
N.D.C.C. § 6-09.16-04 Loan application - How made
0.5K chars
All applications for loans under this chapter must be made to the department. The department may approve the applications of qualified applicants that propose projects that conform to requirements established under chapter 50-30. The Bank of North Dakota shall review and approve …
N.D.C.C. § 6-09.16-05 Amount of loans - Terms and conditions
1.0K chars
Loans in an amount not exceeding ninety percent of project costs may be made by the Bank of North Dakota from the fund maintained pursuant to this chapter. Such loans must bear interest at a rate of two percent of the outstanding principal balance of the loan. In consideration of…
N.D.C.C. § 6-09.16-06 Powers of Bank of North Dakota
0.7K chars
The Bank of North Dakota may do all acts or things necessary to negotiate loans and preserve security under this chapter, including the power to take such security as deemed necessary, to exercise any right of redemption, and to bring suit in order to collect interest and princip…