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46 chapters · 346 sections in this title.
N.D.C.C. § 51-13-01 Definitions
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In this chapter, unless the context or subject matter otherwise requires: 1. "Amount financed" or "unpaid balance" means the cash price of the personal property which is the subject matter of the retail installment sale, plus the amounts, if any, included in a retail installment …
N.D.C.C. § 51-13-02 Requirements as to retail installment contracts
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1. A retail installment contract must be dated and in writing, and must contain all the agreements of the parties with respect to the cost and terms of payment for the personal property, including any promissory notes or other evidences of indebtedness between the parties relatin…
N.D.C.C. § 51-13-02.1 Retail installment contracts - Prohibited provisions
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No contract may contain any provision by which: 1. In the absence of the buyer's default, the holder may, arbitrarily and without reasonable cause, accelerate the maturity of any part or all of the time balance owing thereunder. 2. A power of attorney is given to confess judgment…
N.D.C.C. § 51-13-03 Finance charge limitation
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1. A retail seller may contract for in a retail installment contract and charge, receive, and collect the finance charge computed on the principal balance of the contract or obligation from the date thereof until paid. A retail seller who complies with the disclosure provisions o…
