North Dakota § 51-14-03 Limitation of credit service charge

North Dakota Statutes

§ 51-14-03 — Limitation of credit service charge

North Dakota § 51-14-03

Title 51Sales and Exchanges

Ch. 51-14Revolving Charge Accounts

This text of North Dakota § 51-14-03 (Limitation of credit service charge) 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 § 51-14-03 (2026).

Text

In a revolving charge agreement, a seller may contract for and, if so contracted for, the
seller or holder of the agreement may charge, receive, and collect the service charge authorized
by this section. The service charge may not exceed the amount agreed to by the parties. In the
event any payment by a buyer is insufficient to pay both the credit service charge and that
portion of the outstanding indebtedness then due, the payments must first be applied to the
credit service charge then due.

Free access — add to your briefcase to read the full text and ask questions with AI

In a revolving charge agreement, a seller may contract for and, if so contracted for, the
seller or holder of the agreement may charge, receive, and collect the service charge authorized
by this section. The service charge may not exceed the amount agreed to by the parties. In the
event any payment by a buyer is insufficient to pay both the credit service charge and that
portion of the outstanding indebtedness then due, the payments must first be applied to the
credit service charge then due.