North Dakota Payday loan laws. North Dakota Payday loan legislation. North Dakota has specific payday advance laws. The rate of the payday loan is 20% of the amount borrowed.
The maximum term of the loan is 60 days.
The payday loan cannot exceed $500. Rollovers are limited to one at least 15 days
North Dakota has instituted a state data base for the payday loan industry. You can get additional information regarding the North Dakota state data base here: Veritecs.com
For a thorough discussion of the payday loan industry and access to our payday loan training materials, we recommend you proceed to Payday and Paycheck Loans.com