North Dakota Residential Mortgage Lenders License
Earlier this year, North Dakota enacted Senate Bill 2090 (“SB 2090”) which added Chapter 13-12 Residential Mortgage Lenders to the North Dakota Century Code. Beginning on August 1, 2023, residential mortgage lenders will be regulated under Chapter 13-12 and be required to hold a residential mortgage lender license instead of being regulated under the North Dakota Money Broker Act.