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52 chapters · 686 sections in this title.
N.D.C.C. § 47-14-01 Loan of money defined
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A loan of money is a contract by which one delivers a sum of money to another and the latter agrees to return at a future time a sum equivalent to that which the person borrowed. A loan for mere use is governed by chapter 47-12.
N.D.C.C. § 47-14-02 Repayment in current funds
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A borrower of money must pay the amount due in such money as is current at the time when the loan becomes due, whether such money is worth more or less than the actual money lent.
N.D.C.C. § 47-14-03 Loan presumes interest
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Whenever a loan of money is made, it is presumed to be made upon interest unless it is expressly stipulated otherwise in writing at the time it is made.
N.D.C.C. § 47-14-04 Interest defined
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Interest is the compensation allowed for the use, or forbearance, or detention of money, or its equivalent.
N.D.C.C. § 47-14-05 Legal rate of interest - Interest after maturity
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Interest for any legal indebtedness must be at the rate of six percent per annum unless a different rate not to exceed the rate specified in section 47-14-09 is contracted for in writing. Unless otherwise agreed by the parties in writing, all contracts must bear the same rate of …
