North Dakota § 13-12-04 - Entities exempted from licensing requirements
Full text of North Dakota North Dakota Century Code § 13-12-04 — Entities exempted from licensing requirements, with citation guidance and answers to common questions.
§ 13-12-04. Entities exempted from licensing requirements
This chapter does not apply to: 1. Banks; 2. Credit unions; 3. Savings and loan associations; 4. 5. 6. 7. 8. 9. 10. 11. Insurance companies; Individuals licensed under chapter 13-10 solely pursuant to the individual's official duties as a mortgage loan originator; State or federal agencies and employees of state or federal agencies solely pursuant to the individual's official duties as an employee of the state or federal agency; Institutions chartered by the farm credit administration; Trust companies; A real estate broker, broker, or a real estate salesperson as defined in section 43-23-06.1 in the brokering of loans to assist a person in obtaining financing for real estate sold by the real estate broker, broker, or real estate salesperson; A certified development corporation that qualifies as a nonprofit entity under section 501(c)(3) of the federal Internal Revenue Code [26 U.S.C. 501(c)(3)] in the offers of: a. Loan products primarily limited to the small business administration, United States department of agriculture, or other government loan products; or b. Nongovernmental loan products that are limited to loans to promote community development or home ownership, and these loans are offered with favorable terms including an interest rate at or below the wall street journal prime rate and loan fees of less than a quarter percent of the loan origination balance; or A nonprofit corporation that qualifies as a nonprofit entity under section 501(c)(3) of the Internal Revenue Code [26 U.S.C. 501(c)(3)] which is not primarily in the business of soliciting or brokering loans, if the nonprofit corporation makes five or fewer loans in a given calendar year, makes these loans to promote community development or home ownership, and offers these loans on favorable terms, including an interest rate at or below the wall street journal prime rate and loan fees of less than a quarter percent of the loan origination balance.
Source: official North Dakota text · Last verified 2026-08-27
Frequently Asked Questions About North Dakota § 13-12-04
What does North Dakota Century Code § 13-12-04 cover?
Section 13-12-04 ("Entities exempted from licensing requirements") is part of the North Dakota Century Code, the codified statutory law of North Dakota. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite North Dakota § 13-12-04?
A common citation format is "North Dakota Century Code § 13-12-04" (North Dakota). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of North Dakota law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the North Dakota official source linked on this page or consult a licensed North Dakota attorney.
How does North Dakota § 13-12-04 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in North Dakota can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in North Dakota.