North Dakota § 47-10.2-01 Definitions

North Dakota Statutes

§ 47-10.2-01 — Definitions

North Dakota § 47-10.2-01

Title 47Property

Ch. 47-10.2Escrow Accounts

This text of North Dakota § 47-10.2-01 (Definitions) 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 § 47-10.2-01 (2026).

Text

In sections 47-10.2-01 through 47-10.2-03, unless the context or subject matter otherwise requires:

1."Borrower" means the obligor under a residential mortgage held by a mortgagee.

2."Servicer" means a person or entity maintaining an escrow account for a residential mortgagee.

3."Surplus amount" means from the annual escrow account analysis, any amount greater than or equal to fifty dollars, excluding any escrow cushion required by the servicer.

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In sections 47-10.2-01 through 47-10.2-03, unless the context or subject matter otherwise
requires:
1. "Borrower" means the obligor under a residential mortgage held by a mortgagee.
2. "Servicer" means a person or entity maintaining an escrow account for a residential
mortgagee.
3. "Surplus amount" means from the annual escrow account analysis, any amount
greater than or equal to fifty dollars, excluding any escrow cushion required by the
servicer.