# N.D. Cent. Code § 13-13-07: 13-13-07. Financial condition

> North Dakota · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_ND_T13_C13-13_S13-13-07

## Section

- **Citation:** N.D. Cent. Code § 13-13-07
- **Heading:** 13-13-07. Financial condition
- **Jurisdiction:** North Dakota
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** ND Code / Title 13 / Chapter 13-13 / Section 13-13-07

## Text

13-13-07. Financial condition

This section applies to large servicers as defined in subsection 9 of section 13-13-01.

1. A large servicer must maintain capital and liquidity in compliance with this section.

2. For the purposes of complying with the capital and liquidity requirements of this

section, all financial data must be determined in accordance with generally accepted

accounting principles.

3. A large servicer that meets the federal housing finance agency eligibility requirements

for enterprise single-family seller or servicers for capital, net worth ratio, and liquidity,

regardless of whether the servicer is approved for government-sponsored enterprises

servicing, meets the requirements of subsections 1 and 2. Large servicers shall

maintain written policies and procedures implementing the capital and servicing

liquidity requirements of this section. Such policies and procedures must include a

sustainable written methodology for satisfying the requirements of this subsection and

be available to the commissioner upon request.

4. Large servicers shall maintain sufficient allowable assets for liquidity in addition to the

amounts required for servicing liquidity to cover normal business operations. Large

servicers shall have sound cash management and business operating plans that

match the size and sophistication of the institution to ensure normal business

operations. Management must develop, establish, and implement plans, policies, and

procedures for maintaining operating liquidity sufficient for the ongoing needs of the

institution. The plans, policies, and procedures must contain sustainable, written

methodologies for maintaining sufficient operating liquidity and be available to the

commissioner upon request.

## Nearby sections

- [N.D. Cent. Code § 13-13-01 13-13-01. Definitions](https://www.frixlaw.com/law-library/statutes/STATE_ND_T13_C13-13_S13-13-01.md)
- [N.D. Cent. Code § 13-13-02 13-13-02. Administration](https://www.frixlaw.com/law-library/statutes/STATE_ND_T13_C13-13_S13-13-02.md)
- [N.D. Cent. Code § 13-13-03 13-13-03. Residential mortgage loan servicing license required](https://www.frixlaw.com/law-library/statutes/STATE_ND_T13_C13-13_S13-13-03.md)
- [N.D. Cent. Code § 13-13-04 13-13-04. Entities exempted from licensing requirements](https://www.frixlaw.com/law-library/statutes/STATE_ND_T13_C13-13_S13-13-04.md)
- [N.D. Cent. Code § 13-13-05 13-13-05. Application for residential mortgage loan servicer license](https://www.frixlaw.com/law-library/statutes/STATE_ND_T13_C13-13_S13-13-05.md)
- [N.D. Cent. Code § 13-13-06 13-13-06. Fee to accompany application for residential mortgage loan servicer license](https://www.frixlaw.com/law-library/statutes/STATE_ND_T13_C13-13_S13-13-06.md)
- [N.D. Cent. Code § 13-13-07 13-13-07. Financial condition](https://www.frixlaw.com/law-library/statutes/STATE_ND_T13_C13-13_S13-13-07.md)
- [N.D. Cent. Code § 13-13-08 13-13-08. Financial condition for applicant or licensee not subject to section 13-13-07](https://www.frixlaw.com/law-library/statutes/STATE_ND_T13_C13-13_S13-13-08.md)
- [N.D. Cent. Code § 13-13-09 13-13-09. Corporate governance](https://www.frixlaw.com/law-library/statutes/STATE_ND_T13_C13-13_S13-13-09.md)
- [N.D. Cent. Code § 13-13-10 13-13-10. Expiration and renewal of license](https://www.frixlaw.com/law-library/statutes/STATE_ND_T13_C13-13_S13-13-10.md)
- [N.D. Cent. Code § 13-13-11 13-13-11. Powers of the department of financial institutions](https://www.frixlaw.com/law-library/statutes/STATE_ND_T13_C13-13_S13-13-11.md)
- [N.D. Cent. Code § 13-13-12 13-13-12. Manner in which records to be kept](https://www.frixlaw.com/law-library/statutes/STATE_ND_T13_C13-13_S13-13-12.md)
- [N.D. Cent. Code § 13-13-13 13-13-13. Revocation of license - Suspension of license - Surrender of license](https://www.frixlaw.com/law-library/statutes/STATE_ND_T13_C13-13_S13-13-13.md)
- [N.D. Cent. Code § 13-13-14 13-13-14. Suspension and removal of residential mortgage loan servicer officers and employees](https://www.frixlaw.com/law-library/statutes/STATE_ND_T13_C13-13_S13-13-14.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_ND_T13_C13-13_S13-13-07. Check the current official text before relying on it. Not legal advice.