North Dakota Administrative Code
Title 13 - Department of Financial Institutions
Article 13-03 - Credit Unions
Chapter 13-03-22 - Investment Activities
Section 13-03-22-09 - Credit analysis required

A credit union must conduct and document a credit analysis on an investment and the issuing entity before purchasing it, except for investments issued or fully guaranteed as to principal and interest by the United States government or its agencies, enterprises, or corporations or fully insured (including accumulated interest) by the national credit union administration or the federal deposit insurance corporation. A credit union must update this analysis at least annually for as long as it holds the investment.

General Authority: NDCC 6-01-04

Law Implemented: NDCC 6-06-06