N.D. Cent. Code § 6-09.11-09
This is the official text of N.D. Cent. Code § 6-09.11-09, 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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6-09.11-09. Postponement of repayment of principal
Official statutory text
6-09.11-09. Postponement of repayment of principal
If the income of a borrower is reduced in any year due to causes beyond the borrower's
control to the extent that the borrower is unable to make a payment on a loan under this
chapter, the Bank of North Dakota and the originating lender may defer the payment of the
principal sum due in that year and the term of the loan may be extended for the period of
deferment.
If the income of a borrower is reduced in any year due to causes beyond the borrower's
control to the extent that the borrower is unable to make a payment on a loan under this
chapter, the Bank of North Dakota and the originating lender may defer the payment of the
principal sum due in that year and the term of the loan may be extended for the period of
deferment.
Status: in_force · Read it on the official government site
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