North Dakota Statutes
§ 13-07-04 — Consumer credit counseling service - Trust accounts
North Dakota·Title 13 Debtor and Creditor Relationship·Ch. 13-07 Consumer Credit Counseling Services
A consumer credit counseling service shall deposit in a trust account in a financial
institution, within one business day of receipt, any payments received from or on behalf of a
debtor. A debtor's payments must be identifiable in the trust account. Funds in the trust account
may not be commingled with any other funds. The consumer credit counseling service shall
credit any interest accrued as a result of payments deposited in a trust account to debt
management education programs.
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Related
State Ex Rel. Heitkamp v. Family Life Services, Inc.
2000 ND 166 (North Dakota Supreme Court, 2000)
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