Statutes, codes, and regulations
North Dakota Administrative Code
Title 13 - Department of Financial InstitutionsArticle 13-02 - Banking and Savings and Loan Associations
Chapter 13-02-09 - Loan Limitation to One Borrower or Concern
Section 13-02-09-01 - Purpose

N.D. Admin. Code 13-02-09-01

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Current through Supplement No. 394, October, 2024
Section 13-02-09-01 - Purpose

This chapter is intended to safeguard the depositors of state banking associations by requiring the diversification of loan portfolios and repayment sources.

N.D. Admin Code 13-02-09-01

Effective September 1, 1986.

General Authority: NDCC 6-01-04

Law Implemented: NDCC 6-03-59