North Dakota § 54-17-07.1 Advisory board - Rules

North Dakota Statutes

§ 54-17-07.1 — Advisory board - Rules

North Dakota § 54-17-07.1

Title 54State Government

Ch. 54-17Industrial Commission

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Bluebook

N.D. Cent. Code § 54-17-07.1 (2026).

Text

The industrial commission shall appoint a six-member advisory board consisting of
representatives of lenders, the residential real estate industry, the mobile home and
manufactured housing industry, and homeowners and buyers, and in consultation with such
board may adopt rules and regulations for the conduct of its housing finance program which
may, among other matters, establish requirements for the type and purchase price of dwelling
units and multifamily facilities eligible to be financed, the income limits for eligible low or
moderate income persons or families, the interest rates and other terms of mortgage loans to be
financed, requirements relating to federal or private mortgage insurance or guarantees, and the
general terms and conditions for the issuance and security of housing re

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The industrial commission shall appoint a six-member advisory board consisting of
representatives of lenders, the residential real estate industry, the mobile home and
manufactured housing industry, and homeowners and buyers, and in consultation with such
board may adopt rules and regulations for the conduct of its housing finance program which
may, among other matters, establish requirements for the type and purchase price of dwelling
units and multifamily facilities eligible to be financed, the income limits for eligible low or
moderate income persons or families, the interest rates and other terms of mortgage loans to be
financed, requirements relating to federal or private mortgage insurance or guarantees, and the
general terms and conditions for the issuance and security of housing revenue bonds to be
issued.