North Dakota Code 15-03-04.2 – Board authority over farm loans
Current as of: 2023 | Check for updates
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The board of university and school lands has authority to promulgate policies, rules, and regulations for the purchase of first mortgage farm loans. The board shall set such terms, conditions, interest rates, and other guidelines as it may desire commensurate with its fiduciary responsibilities.
Terms Used In North Dakota Code 15-03-04.2
- Fiduciary: A trustee, executor, or administrator.
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.