North Dakota § 6-09-44 - Residential mortgages
Full text of North Dakota North Dakota Century Code § 6-09-44 — Residential mortgages, with citation guidance and answers to common questions.
§ 6-09-44. Residential mortgages
1. The Bank may establish a residential mortgage loan program under which the Bank may originate residential mortgages if private sector mortgage loan services are not reasonably available. Under this program a local financial institution or credit union may assist the Bank in taking a loan application, gathering required documents, ordering required legal documents, and maintaining contact with the borrower. 2. If the Bank establishes a program under this section, at a minimum the program must provide: a. An applicant must be referred to the Bank by a local financial institution or credit union; b. The loan application must be for an owner-occupied primary residence; and c. The Bank provide all regulatory disclosures, process and underwrite the loan, prepare closing documents, and disburse the loan. 3. The Bank may sell eligible first-time home buyer loans to the North Dakota housing finance agency.
Source: official North Dakota text · Last verified 2026-08-27
Frequently Asked Questions About North Dakota § 6-09-44
What does North Dakota Century Code § 6-09-44 cover?
Section 6-09-44 ("Residential mortgages") 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 § 6-09-44?
A common citation format is "North Dakota Century Code § 6-09-44" (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 § 6-09-44 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.