North Dakota § 26.1-50-04 Loan administration

North Dakota Statutes

§ 26.1-50-04 — Loan administration

North Dakota § 26.1-50-04

Title 26.1Insurance

Ch. 26.1-50North Dakota Low-Risk Incentive Fund

This text of North Dakota § 26.1-50-04 (Loan administration) 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 § 26.1-50-04 (2026).

Text

An application for a loan from the fund must contain the information prescribed by the
governing board. Except as provided in this section, information contained in applications for
loans from the fund is confidential. The Bank of North Dakota shall review each loan application,
report to the governing board whether the applicant represents a primary sector business
project, and make a recommendation to the governing board to either approve or disapprove
the loan application. The Bank of North Dakota shall administer all loans issued by the fund and
shall receive from the fund a service fee of twenty-five basis points on all loans in place. The
insurance commissioner may examine the fund and activities of insurers in connection with the
fund to assure compliance with this title. The fund s

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An application for a loan from the fund must contain the information prescribed by the
governing board. Except as provided in this section, information contained in applications for
loans from the fund is confidential. The Bank of North Dakota shall review each loan application,
report to the governing board whether the applicant represents a primary sector business
project, and make a recommendation to the governing board to either approve or disapprove
the loan application. The Bank of North Dakota shall administer all loans issued by the fund and
shall receive from the fund a service fee of twenty-five basis points on all loans in place. The
insurance commissioner may examine the fund and activities of insurers in connection with the
fund to assure compliance with this title. The fund shall pay for the costs of an examination and
no credit may be allowed any insurer for payment of examination costs as otherwise provided
under section 26.1-03-17.