The interest which would become due at the end of the term for which a loan is made, not exceeding one year's interest in all, may be deducted from the loan in advance if the parties thus agree.
Interest on loans may be deducted in advance - Limitation
N.D.C.C. § 47-14-08 — under Loans of Money.
N.D.C.C. § 47-14-08