North Dakota Administrative Code
Title 13 - Department of Financial Institutions
Article 13-03 - Credit Unions
Chapter 13-03-02 - Limiting and Restricting the Amount That May be Loaned on Real Property Security
Section 13-03-02-07 - Exceptions
Universal Citation: ND Admin Code ยง 13-03-02-07
Current through Supplement No. 392, April, 2024
A credit union may make an exception to the loan-to-value limits under section 13-03-02-03 for loans from creditworthy borrowers. However, a credit union may not make such an exception if the loan would exceed one hundred fifty percent of the credit union's net worth when the loan is aggregated with all other loans in excess of the loan-to-value limits.
General Authority: NDCC 6-01-04
Law Implemented: NDCC 6-06-06
Disclaimer: These regulations may not be the most recent version. North Dakota may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
