North Dakota Statutes
§ 13-07-04 — Consumer credit counseling service - Trust accounts
North Dakota § 13-07-04
JurisdictionNorth Dakota
Title 13Debtor and Creditor Relationship
Ch. 13-07Consumer Credit Counseling Services
This text of North Dakota § 13-07-04 (Consumer credit counseling service - Trust accounts) 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 § 13-07-04 (2026).
Text
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.
Free access — add to your briefcase to read the full text and ask questions with AI
Related
State Ex Rel. Heitkamp v. Family Life Services, Inc.
2000 ND 166 (North Dakota Supreme Court, 2000)
Nearby Sections
15
§ 13-01-01
Definitions of creditor and debtor§ 13-01-03
Creditors may be preferred§ 13-01-04
Marshalling funds - Rights of creditors§ 13-01-06
Transfer of personalty without changing of possession or filing of instrument presumed fraudulent§ 13-01-07
Instruments affecting realty void when made with intent to defraud - Good-faith purchaser protected§ 13-01-08
When act of debtor void for fraud§ 13-01-10
Fraudulent intent a question of fact§ 13-01-11
Fraudulent conveyance - PenaltyCite This Page — Counsel Stack
Bluebook (online)
North Dakota § 13-07-04, Counsel Stack Legal Research, https://law.counselstack.com/statute/nd/13-07-04.