N.D. Cent. Code § 6-09.11-05

Current through 2024 Legislative Session

Section 6-09.11-05 - Loan applications

An applicant for a loan must meet all of the following qualifications:

1. The applicant is at least eighteen years of age.

2. The applicant is a farmer.

3. The applicant has had the farming experience and training necessary to enable the applicant to operate a family farm and to make proper use of the proceeds of the loan.

4. The net worth of the applicant does not exceed an amount determined by the Bank of North Dakota.

N.D.C.C. § 6-09.11-05