North Dakota Credit Laws

Judgment 12%  the general usury limit is 5 1/2% above the six-month treasury bill interest rate. The judgment rate is the contract rate or 12%, whichever is less. A late payment charge of 1 3/4% per month may be charged to  commercial accounts that are overdue provided that the charge is revealed prior to the account being opened and that the terms were less than thirty days, that is, that the account terms were net 30 or less.

Open Acct. for services: 6 - Sale of Goods 4 - Written Contract 6 - Domestic Judgment 10 renewable - Foreign Judgment 10 renewable

No debt collector may use any fraudulent, deceptive, or misleading representation or means to collect or attempt to collect claims or to obtain information concerning consumers. Without limiting the general application of the foregoing, no debt collector may:

1.Represent that an existing obligation of the consumer may be increased by the addition of attorney's fees, investigation fees, service fees, or any other fees or charges when in fact such fees or charges may not legally be added to the existing obligation.

2. No debt collector may use unfair or unconscionable means to collect or attempt to collect any claim. Without limiting the general application of the foregoing, no debt collector may:

3. Collect or attempt to collect from the consumer any part or all of the debt collector's fee or      charge for services rendered.

4. Collect or attempt to collect any interest or other charge, fee, or expense incidental to the principal  obligation unless such interest or incidental fee, charge, or expense is expressly authorized by law or by the agreement creating the obligation and legally chargeable to the consumer.