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North Dakota Interest Rates Laws
More Information on Interest Rate Laws
| Legal Maximum Rate of Interest | 6% (§47-14-05); if contract in writing, up to 5.5% higher than average interest on treasury bills, but maximum must be at least 7% (§47-14-09) |
| Penalty for Usury (Unlawful Interest Rate) | Forfeit all interest and 25% of principal (§47-14-10); Class B misdemeanor (§47-14-11); if interest paid, twice amount paid may be recovered (§47-14-10) |
| Interest Rates on Judgments | Contract rate, otherwise 12% (§28-20-34) |
| Exceptions | Loans to corporations; agency funded by state/federal government; amount over $35,000; loans to partnerships/limited partnerships (§47-14-09) |
Note: State laws are constantly changing -- contact an attorney or conduct your own legal research to verify the state law(s) you are researching.
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- Official State Codes - Links to the official online statutes (laws) in all 50 states and DC.
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