North Dakota Statutes
§ 13-12-15 — Advance fees prohibited - Exception
North Dakota § 13-12-15
JurisdictionNorth Dakota
Title 13Debtor and Creditor Relationship
Ch. 13-12Residential Mortgage Lenders
This text of North Dakota § 13-12-15 (Advance fees prohibited - Exception) is published on Counsel Stack Legal Research, covering North Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
N.D. Cent. Code § 13-12-15 (2026).
Text
A residential mortgage lender may not take any type of fee in advance before the funding of
the loan, unless the residential mortgage lender is licensed under this chapter. A residential
mortgage lender licensed under this chapter may accept an advance expense deposit which
may not exceed the residential mortgage lender's good-faith estimate of the actual cost of any
appraisal or credit reports performed by an independent appraiser or independent credit
reporting agency and required by the originating lender for the evaluation of the potential
borrower's loan application. Any expense deposit that exceeds the actual cost of any appraisal
or credit report must be promptly refunded to the borrower or credited to the borrower's account
at the time of the loan closing. A residential mortgage le
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Nearby Sections
15
§ 13-01-01
Definitions of creditor and debtor§ 13-01-03
Creditors may be preferred§ 13-01-04
Marshalling funds - Rights of creditors§ 13-01-06
Transfer of personalty without changing of possession or filing of instrument presumed fraudulent§ 13-01-07
Instruments affecting realty void when made with intent to defraud - Good-faith purchaser protected§ 13-01-08
When act of debtor void for fraud§ 13-01-10
Fraudulent intent a question of fact§ 13-01-11
Fraudulent conveyance - PenaltyCite This Page — Counsel Stack
Bluebook (online)
North Dakota § 13-12-15, Counsel Stack Legal Research, https://law.counselstack.com/statute/nd/13-12-15.