ND · LOAN-AGMT · Updated July 2026 · Free

North Dakota Loan Agreement PDF

Not Attorney-ReviewedAuthor: Arjun AnnamalaiMethodology: Statutory Verification

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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

RequirementNorth Dakota Rule
Usury Cap5.5% or 3% above prime rate
Governing LawNorth 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

N.D. Cent. Code § 47-14-09
Usury Limit
Sets contract interest limits.

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.