57-15-6 — Exempt lenders.


     57-15-6.   Exempt lenders.
     This chapter is not applicable to security interests in real estate originated by, or for purchase by any entity established pursuant to Title 9, Chapter 4, Part 9, or by public agencies making noninterest and/or low interest loans and noninterest and/or low interest loans made by private nonprofit corporations for the rehabilitation of existing residential structures.
     This chapter is not applicable to a person with a security interest in real estate who is not regularly engaged in the business of making real estate loans.

Amended by Chapter 20, 1995 General Session