North Dakota Code 1-05-06 – Action to set aside mortgage foreclosure – Time limitation
Current as of: 2023 | Check for updates
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After January 1, 1944, all proceedings for and preliminary to the foreclosure of a real estate mortgage if sale was had prior to January 1, 1943, are deemed valid and sufficient notwithstanding the defects enumerated in section 1-05-05.
Terms Used In North Dakota Code 1-05-06
- Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.