Title 6 — Banks and Banking
45 chapters · 536 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. § 6-09.7-03 Extent of loan guarantee
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Expired under S.L. 2013, ch. 87, § 4.
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. § 6-09.7-06 Procedure on default of guaranteed loan
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Whenever it appears to the satisfaction of the Bank of North Dakota that a guaranteed loan is in default, and the eligible lender has certified this fact to the Bank, the Bank shall reimburse the eligible lender making the loan from the reserve fund to the extent the loan was gua…
N.D.C.C. § 6-09.7-07 Fees for reasonable costs
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The Bank of North Dakota may charge reasonable fees for guaranteeing of loans under this chapter, and the fees must be available to defray costs of administering the state guarantee loan program. Fees in excess of the amount required to pay the cost of administering the program m…
N.D.C.C. § 6-09.7-08 Limitation on additional state aid
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Repealed by S.L. 2011, ch. 82, § 4.
N.D.C.C. § 6-09.7-09 Agricultural real estate loans - Guarantee
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The Bank of North Dakota may guarantee the loan of money by banks, credit unions, lending institutions that are part of the farm credit system, and savings and loan associations in this state to eligible persons for the purchase of agricultural real estate or the restructuring of…