Personal loans in North Dakota
Consumer lending in North Dakota is regulated by the North Dakota Department of Financial Institutions. Below are the sourced rules that affect what a lender can charge you, followed by the cities we cover.
Lending rules in North Dakota
| Payday lending | Permitted and regulated — maximum loan amount: $500 A licensee may not engage in a deferred presentment service transaction with a customer who has an aggregate value of all outstanding obligations from any one customer exceeding $600 which is payable to the same or any other licensee; maximum loan term: The total period of deferral, including the initial deferral and one renewal, may not exceed 60 days. An individual renewal period may not be less than 15 days. After 60 days the renewed deferred presentment service transaction must be paid off in cash, money order, electronic payment, or cashier’s check by the customer or, if a check is used, the check must be deposited by the licensee. Finance charges: A licensee may charge a fee for the deferred presentment service, not to exceed 20% of the amount paid to the customer by the licensee. This fee may not be deemed interest for any purpose of law. No other fee or charge may be charged for the deferred presentment service, except that a fee, not to exceed the cost to the licensee, may be charged for registering a transaction on a database administered or authorized by the commissioner. No property, titles to any property, or mortgages may be received or held directly or indirectly by the licensee as a condition of a deferred presentment service transaction or as a method of collection on a defaulted deferred presentment service transaction without proper civil processSource: National Conference of State Legislatures · as of 2023 |
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| Small-loan / installment licensing | Consumer lenders must obtain a state license (Yes). Statutory basis: N.D. Cent. Code. §§ 13-04.1-01 et seq. Licensing administered through NMLS: Yes.Source: Conference of State Bank Supervisors · as of 2026 |
| Interest rate cap (usury limit) | Usury limit: 6% (N.D. Cent. Code § 47-14-05); if contract in writing, up to 5.5% higher than average interest on treasury bills, but maximum must be at least 7% (N.D. Cent. Code §47-14-09). Finance rates and fees for licensed lenders: 30% per annum on the portion not exceeding $250 24% per annum on the portion between $250-$500 21% per annum on the portion between $500-$750 18% per annum on the portion exceeding $750 No maximum finance rate and fees on loans greater than $1,000. CSBS 50-state survey of consumer finance laws; state-verified usury catalog.Source: Conference of State Bank Supervisors · as of 2026 |
| Consumer lending regulator | Consumer lenders in North Dakota are licensed and supervised by the North Dakota Department of Financial Institutions.Source: Conference of State Bank Supervisors · as of 2026 |
| Debt collection rules | Third-party debt collectors must comply with the federal Fair Debt Collection Practices Act (FDCPA), 15 U.S.C. § 1692 et seq.; state consumer-protection and debt-collection enforcement is handled by the North Dakota Office of the Attorney General. The FDCPA expressly authorizes state attorneys general to enforce it (15 U.S.C. § 1692l). Some states also require collection agencies to be licensed.Source: North Dakota Office of the Attorney General · as of 2026 |
| Military lending protections | The federal Military Lending Act (MLA) caps the Military Annual Percentage Rate (MAPR) at 36% for consumer credit extended to active-duty service members, their spouses and certain dependents, and bars mandatory arbitration and prepayment penalties on covered loans. Federal protection that applies nationwide, including in this state.Source: Consumer Financial Protection Bureau · as of 2024 |
| Complaint / licensing lookup | Check whether a lender holds a state license through NMLS Consumer Access (nmlsconsumeraccess.org) or the North Dakota Department of Financial Institutions; consumers can file complaints with the North Dakota Department of Financial Institutions or the CFPB at consumerfinance.gov/complaint.Source: Nationwide Multistate Licensing System (NMLS) Consumer Access · as of 2026 |
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Cities in North Dakota
FargoBismarckGrand ForksMinotWest FargoWillistonDickinsonMandanJamestownWahpetonValley CityWatford CityMinot AFBGraftonLincolnHoraceBeulahNew TownGrand Forks AFBHazenRugbyCasseltonBottineauCarringtonLisbonStanleyOakesMayvilleLangdonBelcourtHarveyHillsboroBowmanGarrisonPark RiverWashburnBurlingtonSurreyLarimoreNew RockfordCavalierTiogaParshallCandoShell ValleyThompsonRollaMapletonFort TottenVelvaHettingerCrosbyEllendaleEnderlinBeach
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