Legal Status: Legal
Citation: N.D. Cent. Code 13-08-01 et seq.
State of North Dakota Licensed Online Lenders:
CashCentral.com, CashNetUSA.com, CheckCity.com, ChecknGo.com, SpeedyCash.com
Maximum Loan Amount: $500
Loan Term: Max: 60 days
Maximum Finance Rate and Fees: 20% + databasing fee
Finance Charge for 14-day $100 loan: $20
APR for 14-day $100 loan: 520%
Collection Fees: $20 NSF fee if disclosed
Criminal Action: Prohibited (Unless account was closed on date of original transaction)
Regulator:North Dakota Department of Financial Institutions
Address: 2000 Schafer Street, Suite G Bismarck ND 58501
Phone: (701) 328-9933
Department of Financial Institutions
Financial Services Licensee Database
Financial Forms )Including Consumer
North Dakota Deferred Deposit Service Providers
The table below will display a representation of different loans with an annual interest rate of 35%*. Interest rates are set after assessing each customer's credit worthiness through traditional credit checks.
|Borrowed Amount||Loan Period||Monthly Payments||Total Payable Amount|
* The interest rate displayed in the examples table above is only representative. Not all customers will be eligible for a loan with the lowest interest rate. The APR and loan amount is determined by several factors such as: credit history, employment history, even state law.