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45 chapters · 451 sections in this title.
N.D.C.C. § 6-09.7-01 Guarantee loan program - Administration - Advisory board
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The Bank of North Dakota shall administer the state guarantee loan program as provided in this chapter. The advisory board of directors to the Bank of North Dakota appointed pursuant to chapter 6-09.1 shall act in an advisory capacity concerning the program.
N.D.C.C. § 6-09.7-02 Powers and duties of the Bank of North Dakota
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The Bank of North Dakota may take, hold, and administer, on behalf of the state from any source, any property, or any interest in the property, and the income therefrom, either absolutely or in trust, for any purpose of the state guarantee loan program; provided, that no guarante…
N.D.C.C. § 6-09.7-04 Bank to prescribe the rate of interest on guaranteed loan
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Any loan guaranteed by the Bank of North Dakota must bear interest at a rate not in excess of the interest charged by the lender to other persons for similar types of loans not guaranteed by the Bank unless the Bank determines that a higher rate of interest is justified by specia…
N.D.C.C. § 6-09.7-05 Establishment and maintenance of adequate guarantee funds - Use of strategic investment and improvements fund
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The Bank of North Dakota shall establish and at all times maintain an adequate guarantee reserve fund in a special account in the Bank. The Bank may request the director of the office of management and budget to transfer funds from the strategic investment and improvements fund c…
