North Dakota Statutes
§ 6-03-06 — Sale of real estate loans
In selling or disposing of loans made upon real estate security, no association has power to
guaranty the payment or collection thereof except as necessary to sell residential mortgage
loans on the secondary market, and any such guaranty made in violation of this provision is not
binding on the association but is upon the officer or other person making the same.
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Nearby Sections
15
§ 6-01-01
Management and control - State department of financial institutions - Local ordinances preempted§ 6-01-01.1
Regulatory fund established - Uses - Continuing appropriation (Effective through June 30, 2029)§ 6-01-02
Definitions§ 6-01-04.2
Cease and desist orders§ 6-01-04.3
Assessment of civil money penalties§ 6-01-04.4
Prompt corrective action§ 6-01-04.5
Investigation of bank holding companies§ 6-01-06
Appointment of receivers§ 6-01-07.1
Records - Confidential