Payday Loan Laws - ND
The rules and regulations issuers of payday loans must abide by in the state of North Dakota.
Legal Status:
Legal
Loan Terms:
Maximum Loan Amount: $500
Loan Term: Max: 60 days
Maximum Finance Rate and Fees: 20% + databasing fee
Finance Charge for 14-day $100 loan: $20
APR for 14-day $100 loan: 520%
Debt Limits:
Maximum Number of Outstanding Loans at One Time: Not Specified ($600 aggregate loans outstanding to all licensees)
Rollovers Permitted: One (renewal fee not to exceed 20% of amount being renewed)
Cooling-off Period: 3 days
Collection Limits:
Collection Fees: $20 NSF fee (if disclosed)
Criminal Action: Prohibited (Unless account was closed on date of original transaction)
Go back to Payday Loan Laws
Apply for a Payday Loan
Get approved for a payday cash advance today with no credit check, no faxing, and instant online approval. Have up to $1500 in your account the next day! With a simple and easy online application and instant approval, get the cash you need right now!
