Bank to prescribe the rate of interest on guaranteed loan

N.D. Cent. Code § 6-09.7-04
in effect
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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.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://ndlegis.gov/cencode/t06c09-7.pdf#nameddest=6-09p7-04Fetched: 10/16/2026

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