North Dakota Code 35-03-01 – Mortgage of real property must be in writing – Formalities necessary
Current as of: 2023 | Check for updates
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A mortgage of real property can be created, renewed, or extended only by writing, executed with the formalities required in the case of a grant of real property.
Terms Used In North Dakota Code 35-03-01
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Property: includes property, real and personal. See North Dakota Code 1-01-49
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.