N.D. Cent. Code § 6-03-47
This is the official text of N.D. Cent. Code § 6-03-47, part of North Dakota’s Cent. Code — part of the compiled statutory law of North Dakota, published by the state as "Cent. Code." Browse the sections below, each linked to its official government source.
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6-03-47. Investment in loans and obligations secured by federal or state government
Official statutory text
6-03-47. Investment in loans and obligations secured by federal or state government
Banks, trust companies, the Bank of North Dakota, building and loan associations,
insurance companies, and other organizations in this state whose mortgage lending is regulated
by law, or that are duly qualified federal housing administration mortgagees, are authorized to
make, buy, or sell any loan, advances of credit, and obligations representing loans and
advances of credit that are insured or guaranteed, or where there is a commitment to insure or
guarantee, in part or in full, or conditionally, by the United States, its instrumentalities, this state,
or its instrumentalities.
Banks, trust companies, the Bank of North Dakota, building and loan associations,
insurance companies, and other organizations in this state whose mortgage lending is regulated
by law, or that are duly qualified federal housing administration mortgagees, are authorized to
make, buy, or sell any loan, advances of credit, and obligations representing loans and
advances of credit that are insured or guaranteed, or where there is a commitment to insure or
guarantee, in part or in full, or conditionally, by the United States, its instrumentalities, this state,
or its instrumentalities.
Status: in_force · Read it on the official government site
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