The North Dakota Real Estate Loans Initiative was on the November 2, 1920 ballot in North Dakota as an initiated state statute, where it was approved. The measure stipulated that the Bank of North Dakota only make real estate loans to farmers who resided in the state.
| North Dakota Initiative (November 1920)|
| Yes|| 116,508|| 52.28%|
Election results via: Legislative Manual, Official vote of North Dakota, 1920
Text of measure
The text of the enacted measure can be read here.