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North Dakota Promissory Note

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North Dakota at a glance: Usury Limit: 5.5% per year (base cap) · Governing Law: N.D. Cent. Code § 47-14-09

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Overview

Promissory Notes in North Dakota

North Dakota limits interest rates to 5.5% per year, or 5.5% over the average interest rate of treasury bills.
Key Facts

North Dakota Promissory Note — Quick Reference

RequirementNorth Dakota Rule
Usury Limit5.5% per year (base cap)
Governing LawN.D. Cent. Code § 47-14-09
Legal Requirements

North Dakota Legal Requirements

  • Interest rate cannot exceed the statutory base cap unless exempt.
Governing Laws

North Dakota Governing Laws

N.D. Cent. Code § 47-14-09
Usury Rates
Caps written contract interest rates at 5.5%.

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 Promissory Note — Frequently Asked Questions

What is the usury limit in North Dakota?

The ceiling is 5.5% per year.