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Current as of January 01, 2024 | Updated by Findlaw Staff
A lien document relating to a real estate transaction and containing a written provision securing the repayment of future advances, whether or not the lien creditor is obligated to make such future advances, has priority over all subsequent encumbrances to the extent of all sums advanced, with interest thereon, with the same effect as if the entire sum had been advanced at the time of the creation of the lien.
Cite this article: FindLaw.com - North Dakota Century Code Title 35. Liens § 35-01-05.2. Priority of liens securing future advances - last updated January 01, 2024 | https://codes.findlaw.com/nd/title-35-liens/nd-cent-code-sect-35-01-05-2/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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