N.D. Cent. Code § 6-09.7-04
This is the official text of N.D. Cent. Code § 6-09.7-04, 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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6-09.7-04. Bank to prescribe the rate of interest on guaranteed loan
Official statutory text
6-09.7-04. Bank to prescribe the rate of interest on guaranteed loan
Any loan guaranteed by the Bank of North Dakota must bear interest at a rate not in excess
of the interest charged by the lender to other persons for similar types of loans not guaranteed
by the Bank unless the Bank determines that a higher rate of interest is justified by special
circumstances and would be consistent with the general objectives of this chapter.
Any loan guaranteed by the Bank of North Dakota must bear interest at a rate not in excess
of the interest charged by the lender to other persons for similar types of loans not guaranteed
by the Bank unless the Bank determines that a higher rate of interest is justified by special
circumstances and would be consistent with the general objectives of this chapter.
Status: in_force · Read it on the official government site
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