Participation loans by private financial institutions

N.D. Cent. Code § 6-09.9-04
in effect
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6-09.9-04. Participation loans by private financial institutions 1. The industrial commission may adopt rules relating to the maximum rate of interest charged on the portion of the operating loan retained by a participating financial institution. 2. All participation interests purchased are subject to the review and approval of the Bank.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://ndlegis.gov/cencode/t06c09-9.pdf#nameddest=6-09p9-04Fetched: 10/16/2026

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