North Dakota § 47-04.1-15 Approval by lender of amendment

North Dakota Statutes

§ 47-04.1-15 — Approval by lender of amendment

North Dakota § 47-04.1-15

Title 47Property

Ch. 47-04.1Condominium Ownership of Real Property

This text of North Dakota § 47-04.1-15 (Approval by lender of amendment) 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 § 47-04.1-15 (2026).

Text

Notwithstanding any requirement in the condominium declaration or bylaws requiring a
lender's approval of any amendment of the declaration or bylaws, after being given a thirty-day
written notice beginning with the date of mailing, any lender contacted at the last-known address
that does not refuse or approve of the proposed amendment is deemed to have approved the
amendment. This section does not apply to any proposed amendment that affects a lender's
right to enforce the terms of the mortgage.

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Notwithstanding any requirement in the condominium declaration or bylaws requiring a
lender's approval of any amendment of the declaration or bylaws, after being given a thirty-day
written notice beginning with the date of mailing, any lender contacted at the last-known address
that does not refuse or approve of the proposed amendment is deemed to have approved the
amendment. This section does not apply to any proposed amendment that affects a lender's
right to enforce the terms of the mortgage.