North Dakota Collection Laws

INTEREST RATE

• Legal: 6%
• Judgment: 12%

STATUTE OF LIMITATIONS (IN YEARS)

• Open Acct. for services: 6
• Sale of Goods: 4
• Written Contract: 6
• Domestic Judgment: 10 renewable
• Foreign Judgment: 10 renewable

BAD CHECK LAWS (CIVIL PENALTY)
Amount due, collection fees of $20, and $100 or 3x check whichever is less.

GENERAL GARNISHMENT EXEMPTIONS
Greater of 75% or amount each wk. = to 40 x fed. min. hourly wage. Plus $20.00 each household dependent.

COLLECTION AGENCY BOND & LICENSE

• Bond: $20,000
• License: Yes
• Fee: $200
• Exemption for out-of-state collectors: Out-of-state collectors may be exempt if [1] collecting only; [2] their office is located in a state that has a reciprocal law; and [3] the state has "enacted similar legislation".

This site has taken this information from the website listed in this state. We will not be held liable for any errors or for not updating. Updates are done every 3 months.