N.D. Cent. Code § 6-09-44
This is the official text of N.D. Cent. Code § 6-09-44, 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.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
6-09-44. Residential mortgages
Official statutory text
6-09-44. Residential mortgages
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 disburse the loan.
3. The Bank may sell eligible first-time home buyer loans to the North Dakota housing
finance agency.
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 disburse the loan.
3. The Bank may sell eligible first-time home buyer loans to the North Dakota housing
finance agency.
Status: in_force · Read it on the official government site
Need a lawyer in North Dakota?
Find a North Dakota lawyer
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.