Loan limitation to one borrower or concern
N.D. Cent. Code § 6-03-59
in effect6-03-59. Loan limitation to one borrower or concern
The total direct, indirect, or contingent liability of any borrower to any state banking
association shall not exceed at any time twenty-five percent of the association's tier 1 capital as
of the most recent report of condition and income. For the purpose of this section, the total
liability of a borrower includes the liabilities of any separate borrowers for which the repayment
of separate loans or extensions of credit is substantially from the same source and any credit
exposure to a borrower arising from a derivative transaction, repurchase agreement, reverse
repurchase agreement, securities lending transaction, or securities borrowing transaction
between the state banking association and the borrower.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://ndlegis.gov/cencode/t06c03.pdf#nameddest=6-03-59Fetched: 10/16/2026