North Dakota § 13-07-02 Consumer credit counseling service - Contract requirements

North Dakota Statutes

§ 13-07-02 — Consumer credit counseling service - Contract requirements

North Dakota § 13-07-02

Title 13Debtor and Creditor Relationship

Ch. 13-07Consumer Credit Counseling Services

This text of North Dakota § 13-07-02 (Consumer credit counseling service - Contract requirements) is published on Counsel Stack Legal Research, covering North Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.D. Cent. Code § 13-07-02 (2026).

Text

Any agreement between a consumer credit counseling service and a debtor for counseling
and assistance must be in writing and signed by both parties. The consumer credit counseling
service shall give the debtor a copy of the signed agreement. The agreement must disclose the
total amount that may be retained by the consumer credit counseling service if the contract is
fully performed, the terms upon which the debtor may cancel the contract, and all debts that are
to be managed by the counseling service, including the name of each creditor and the amount
of each debt. A consumer credit counseling service may not enter an agreement with a debtor
unless a thorough written budget analysis indicates that the debtor can reasonably meet the
requirements of the financial adjustment plan and that the

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Any agreement between a consumer credit counseling service and a debtor for counseling
and assistance must be in writing and signed by both parties. The consumer credit counseling
service shall give the debtor a copy of the signed agreement. The agreement must disclose the
total amount that may be retained by the consumer credit counseling service if the contract is
fully performed, the terms upon which the debtor may cancel the contract, and all debts that are
to be managed by the counseling service, including the name of each creditor and the amount
of each debt. A consumer credit counseling service may not enter an agreement with a debtor
unless a thorough written budget analysis indicates that the debtor can reasonably meet the
requirements of the financial adjustment plan and that the debtor will be benefited by the plan.