North Dakota

Legal Status



N.D. Cent. Code 13-08-01 et seq.

Loan Terms

Maximum Loan Amount: 500

Loan Term: max 60 days

Finance Charge for 14-day $100 Loan: 20

APR for 14-day $100 Loan: 521%

Debt Limits

Maximum Number of Outstanding Loans at One Time: Maximum of $600 Outstanding for all lenders. N.D. Cent. Code, § 13-08-12

Rollovers Permitted: Yes, only once on the same loan, and another loan can't pay it off. N.D. Cent. Code, § 13-08-12(6)

Cooling-off Period: 3 Days N.D. Cent. Code, § 13-08-12

Repayment Plan: Silent

Collection Limits

Collection Fees: Yes, NSF fee that may not exceed $40. N.D. Cent. Code § 6-08-16

Criminal Action: Prohibited. N.D. Cent. Code § 13-08-12.