Definitions
N.D. Cent. Code § 47-10.2-01
in effect47-10.2-01. Definitions
In sections 47-10.2-01 through 47-10.2-03, unless the context or subject matter otherwise
requires:
1. "Borrower" means the obligor under a residential mortgage held by a mortgagee.
2. "Servicer" means a person or entity maintaining an escrow account for a residential
mortgagee.
3. "Surplus amount" means from the annual escrow account analysis, any amount
greater than or equal to fifty dollars, excluding any escrow cushion required by the
servicer.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://ndlegis.gov/cencode/t47c10-2.pdf#nameddest=47-10p2-01Fetched: 10/16/2026