North Dakota Payday Loan Laws
| Max Term of Payday Loan: | 60 days | | Max Fees and Finance Charges: | 20% + databasing fee | | Maximum Loan Amount: | $500 | | Number of Rollovers: | One (renewal fee not to exceed 20% of amount being renewed) | | Outstanding loans allowed at one time: | Not specified | | Cool-off period: | 3 days | | Military Protection: | Not specified | | Payment Plan: | Not specified | | Limits on collection and presentment: | Not specified | | Collection fees: | $20 NSF fee ( if disclosed) | | Presentment Limit: | Not specified | | Penalties: | Civil Fines, Suspension or revocations of license; Cease and Desist Order; Criminal | | Private right of action: | Not specified |
North Dakota Payday Loan Laws:
The maximum rate of interest that can be charged on a $200 loan is 30%.
| Payday Loan Laws: |
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