Statutes, codes, and regulations
North Dakota Century Code
Title 47 - PROPERTY
Chapter 47-14 - LOANS OF MONEY
Section 47-14-08 - Interest on loans may be deducted in advance - Limitation

N.D. Cent. Code § 47-14-08

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Current through 2023 Legislative Sessions
Section 47-14-08 - Interest on loans may be deducted in advance - Limitation

The interest which would become due at the end of the term for which a loan is made, not exceeding one year's interest in all, may be deducted from the loan in advance if the parties thus agree.

N.D.C.C. § 47-14-08