ND · LOAN-AGMT · Updated July 2026 · Free
North Dakota Loan Agreement
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North Dakota at a glance: Usury Cap: 5.5% or 3% above prime rate · Governing Law: North Dakota Century Code Chapter 47
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Overview
Loan Agreements in North Dakota
North Dakota caps interest rates on written contracts at 5.5% per year, or 3 percentage points above the Federal Reserve prime rate, whichever is greater (N.D. Cent. Code § 47-14-09).
Key Facts
North Dakota Loan Agreement — Quick Reference
| Requirement | North Dakota Rule |
|---|---|
| Usury Cap | 5.5% or 3% above prime rate |
| Governing Law | North Dakota Century Code Chapter 47 |
Legal Requirements
North Dakota Legal Requirements
- Interest rates must comply with North Dakota statutory limits.
Governing Laws
North Dakota Governing Laws
Read the full text of these laws at Cornell Law School's North Dakota legal resources or your state legislature's official website.
Questions & Answers
North Dakota Loan Agreement — Frequently Asked Questions
What is the penalty for usurious interest in North Dakota?
The lender forfeits all interest and can be held liable for double the interest paid.