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53 chapters · 855 sections in this title.
2 CMC § 4611 Short Title
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Short Title. This chapter may be cited as the Deed of Trust Act of 1977. Source: DL 5-42, § 1. Commission Comment: DL 5-42 took effect August 24, 1977.
2 CMC § 4612 Purpose
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Purpose. To provide for a satisfactory method of securing the financing of real estate projects and transactions by the United States of America acting through the Farmers Home Administration or other federal agencies, including but not limited to the Department of Housing and Ur…
2 CMC § 4613 Deed of Trust Defined
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Deed of Trust Defined. A deed of trust is a conveyance of the fee simple interest in trust to secure an indebtedness or charge against real property conveyed, with or without a power of sale, vested in the trustee to sell according to the terms as set forth in the instrument. A d…
2 CMC § 4614 Definitions
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Definitions. In this chapter, unless the context otherwise requires: (a) “Beneficiary” means the United States of America acting through the Farmers Home Administration or any other federal agency, including but not limited the Department of Housing and Urban Development, or Vete…
