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52 chapters · 686 sections in this title.
N.D.C.C. § 47-15.1-01 Definitions
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As used in this chapter, unless the context or subject matter otherwise requires: 1. "Advertisement" means a commercial message in any medium that aids, promotes, or assists a consumer rental purchase agreement. 2. "Cash price" means the price at which the lessor would have sold …
N.D.C.C. § 47-15.1-02 Inapplicability of other laws
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Consumer rental purchase agreements under this chapter are not governed by the laws relating to a retail installment contract or a retail installment sale as defined in section 51-13-01 or security interest as defined in section 41-01-09.
N.D.C.C. § 47-15.1-03 Disclosure of information
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1. A lessor shall include in a consumer rental purchase agreement: a. The total number, total amount, and timing of all payments necessary to acquire ownership of the property. b. A statement that the consumer does not own the property until the consumer has made the total paymen…
N.D.C.C. § 47-15.1-04 Prohibited provisions and agreements
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A consumer rental purchase agreement may not contain the following provisions, and, such included provision is not enforceable: 1. A confession of judgment. 2. A negotiable instrument. 3. A security interest or any other claim of a property interest in any goods except those good…
