North Dakota § 43-23.2-09 Repayment to fund

North Dakota Statutes

§ 43-23.2-09 — Repayment to fund

North Dakota § 43-23.2-09

Title 43Occupations and Professions

Ch. 43-23.2Real Estate Education Fund

This text of North Dakota § 43-23.2-09 (Repayment to fund) 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 § 43-23.2-09 (2026).

Text

Should the commission pay from the fund any amount in settlement of a claim or toward
satisfaction of a judgment against a licensed broker or salesperson, the license of the broker or
salesperson must be automatically suspended upon the effective date of an order by the court
as set forth herein authorizing payment from the fund. No such broker or salesperson may be
granted reinstatement until having repaid in full, plus interest at the rate of four percent a year,
the amount paid from the fund on that person's account. A discharge in bankruptcy does not
relieve a person from the penalties and disabilities provided in this chapter.

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Should the commission pay from the fund any amount in settlement of a claim or toward
satisfaction of a judgment against a licensed broker or salesperson, the license of the broker or
salesperson must be automatically suspended upon the effective date of an order by the court
as set forth herein authorizing payment from the fund. No such broker or salesperson may be
granted reinstatement until having repaid in full, plus interest at the rate of four percent a year,
the amount paid from the fund on that person's account. A discharge in bankruptcy does not
relieve a person from the penalties and disabilities provided in this chapter.