51A-1-8. Liability of bank as insurer or as guarantor or endorser of security instrument prohibited.
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/sd/title-51/chapter-51-1/51a-1-8·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Except as expressly permitted in this title, a bank shall not assume liability as an insurer or as a guarantor or endorser of any security instrument or obligation in which or with respect to which it has no property interest.