Statutes, codes, and regulations
North Dakota Century Code
Title 6 - BANKS AND BANKING
Chapter 6-09.7 - FUEL PRODUCTION FACILITY LOAN GUARANTEE PROGRAM
Section 6-09.7-04 - Bank to prescribe the rate of interest on guaranteed loan

N.D. Cent. Code § 6-09.7-04

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Current through 2023 Legislative Sessions
Section 6-09.7-04 - Bank to prescribe the rate of interest on guaranteed loan

Any loan guaranteed by the Bank of North Dakota must bear interest at a rate not in excess of the interest charged by the lender to other persons for similar types of loans not guaranteed by the Bank unless the Bank determines that a higher rate of interest is justified by special circumstances and would be consistent with the general objectives of this chapter.

N.D.C.C. § 6-09.7-04