North Dakota Statutes
§ 6-09-44 — Residential mortgages
North Dakota § 6-09-44
This text of North Dakota § 6-09-44 (Residential mortgages) 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 § 6-09-44 (2026).
Text
1.The Bank may establish a residential mortgage loan program under which the Bank
may originate residential mortgages if private sector mortgage loan services are not
reasonably available. Under this program a local financial institution or credit union
may assist the Bank in taking a loan application, gathering required documents,
ordering required legal documents, and maintaining contact with the borrower.
2.If the Bank establishes a program under this section, at a minimum the program must
provide:
a.An applicant must be referred to the Bank by a local financial institution or credit
union;
b.The loan application must be for an owner-occupied primary residence; and
c.The Bank provide all regulatory disclosures, process and underwrite the loan,
prepare closing documents, and disburs
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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 - ConfidentialCite This Page — Counsel Stack
Bluebook (online)
North Dakota § 6-09-44, Counsel Stack Legal Research, https://law.counselstack.com/statute/nd/6-09-44.