Title 51 — Sales and Exchanges
45 chapters · 316 sections in this title.
N.D.C.C. § 51-14-01 Definitions
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In this chapter, unless the context otherwise requires: 1. "Credit service charge" means the amount, however expressed, which the retail buyer contracts to pay or pays the retail seller in excess of the amount of credit extended, representing the total charges by the retail selle…
N.D.C.C. § 51-14-03 Limitation of credit service charge
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In a revolving charge agreement, a seller may contract for and, if so contracted for, the seller or holder of the agreement may charge, receive, and collect the service charge authorized by this section. The service charge may not exceed the amount agreed to by the parties. In th…
N.D.C.C. § 51-14-03.1 Additional charges on revolving charge accounts
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The seller or holder of a revolving charge account may collect a late payment or other charge not to exceed the amount agreed to by the parties in the revolving charge account agreement.
N.D.C.C. § 51-14-03.2 Application of other provisions
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Credit extended by a seller or holder of a revolving charge agreement to a buyer is not subject to chapter 13-04.1 or 47-14.
N.D.C.C. § 51-14-04 Scope of chapter - Effective date
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The service charge allowed in section 51-14-03 shall be allowed to a seller or holder only: 1. If the seller enters into an agreement subject to the provisions of this chapter with any buyer on or after July 1, 1959; or 2. In the case of any buyer who had entered into an agreemen…
N.D.C.C. § 51-14-05 Penalty
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Any person who violates any provision of this chapter is guilty of a class A misdemeanor. Any revolving charge account or any act in the making or collection of any revolving charge account which violates the provisions of this chapter shall result in the forfeiture of all credit…