Title 13, Debtor and Creditor Relationship
19 chapters · 268 sections in this title.
N.D.C.C. § 13-07-01 Consumer credit counseling service - Definition
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As used in this chapter, "consumer credit counseling service" means a person whose agreements contemplate that a debtor will liquidate the debtor's debts by structured installments or that a creditor will reduce finance charges or fees for late payments, default, or delinquency.
N.D.C.C. § 13-07-02 Consumer credit counseling service - Contract requirements
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Any agreement between a consumer credit counseling service and a debtor for counseling and assistance must be in writing and signed by both parties. The consumer credit counseling service shall give the debtor a copy of the signed agreement. The agreement must disclose the total …
N.D.C.C. § 13-07-03 Consumer credit counseling service - Surety bond or other security
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A consumer credit counseling service entering an agreement with a debtor who resides in this state shall file with the attorney general a surety bond or other security in an amount equal to the largest sum accrued in the service's trust account during the prior year, or five thou…
N.D.C.C. § 13-07-04 Consumer credit counseling service - Trust accounts
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A consumer credit counseling service shall deposit in a trust account in a financial institution, within one business day of receipt, any payments received from or on behalf of a debtor. A debtor's payments must be identifiable in the trust account. Funds in the trust account may…
N.D.C.C. § 13-07-05 Consumer credit counseling service - Accounting records - Availability of statements
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A consumer credit counseling service shall maintain books, records, and accounts in a manner that allows the attorney general to determine compliance with the law. A consumer credit counseling service shall prepare a weekly statement of all receipts and disbursements, including p…
N.D.C.C. § 13-07-06 Fees - Payments - Cancellation
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A consumer credit counseling service may charge an origination fee of up to fifty dollars, which may be subtracted from the initial amount paid by the debtor to the counseling service. The consumer credit counseling service may withdraw and retain as partial payment of the servic…
N.D.C.C. § 13-07-07 Prohibitions - Investigation - Civil penalty
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A consumer credit counseling service may not take a confession of judgment or a power of attorney to confess judgment against the debtor or appear as the debtor in any judicial proceeding. The attorney general may, upon the attorney general's own motion, and shall, upon receipt o…