N.D. Cent. Code § 47-04.1-15: Approval by lender of amendment
Where this section sits in the code
- Title 47 Property
- Chapter 47-04.1 Condominium Ownership Of Real Property
Notwithstanding any requirement in the condominium declaration or bylaws requiring a lender's approval of any amendment of the declaration or bylaws, after being given a thirty-day written notice beginning with the date of mailing, any lender contacted at the last-known address that does not refuse or approve of the proposed amendment is deemed to have approved the amendment. This section does not apply to any proposed amendment that affects a lender's right to enforce the terms of the mortgage.
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