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Financial Services Law Insights and Observations

North Dakota Dept. of Financial Institutions issues Covid-19 guidance

State Issues Covid-19 North Dakota

State Issues

On March 5, the North Dakota Department of Financial Institutions issued guidance alerting regulated entities to review its preparedness plan and alert the Department if the entity’s hours change or are adjusted as a result of Covid-19. The Department also noted that it will allows individuals to work remotely without notification as long as the locations is not held open to the public as a place of business. Separately, on March 16, the Department alerted the public that it will post notifications of the reduction of hours and/or services at branch locations.