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Can you summarize NDAC Article 13-03?
Department of Financial Institutions > Credit Unions
Short Summary
The provided legal document content pertains to the Check Cashing Funds, which has been repealed. It falls under the jurisdiction of the North Dakota Administrative Code, specifically the Department of Financial Institutions and applies to Credit Unions. However, no specific exemptions or penalties are mentioned in the document. The document titled ‘Practice and Procedure’ governs the practice and procedure related to credit unions under the North Dakota Administrative Code. It specifically applies to the Department of Financial Institutions and Credit Unions in North Dakota. The document provides guidelines and regulations for the operation and functioning of credit unions in the state. It covers various aspects such as chartering and field of membership, bylaws, interest refunds, contractual agreements, provision of services, inspection of records, fees, employee benefits, suretyship or guaranty agreements, loans and lines of credit, loan participations, purchase and sale of eligible obligations, loans to other credit unions, nondiscrimination in real estate-related loans, acceptance of payments on shares, reimbursement and indemnification of officials and employees, low-income status designation, occupancy and disposal of premises, Treasury tax and loan depositaries, borrowing of funds, statutory lien on shares and dividends, authorities and duties of directors, notification of proposed changes, share accounts, and chartering and field of membership policies. The document does not mention any specific exemptions or penalties. It is an important resource for credit unions and individuals involved in transactions with credit unions in North Dakota.
Whom does it apply to?
Credit Unions in North Dakota
What does it govern?
The document titled 'Practice and Procedure' governs the practice and procedure related to credit unions under the North Dakota Administrative Code. It specifically applies to the Department of Financial Institutions and Credit Unions in North Dakota.
What are exemptions?
No specific exemptions are mentioned in the document.
What are the Penalties?
No specific penalties are mentioned in the document.
Jurisdiction
North Dakota