North Dakota Code 13-01.1-03 – Interest must compound
Current as of: 2023 | Check for updates
|
Other versions
Any interest which remains unpaid at the end of any forty-five-day period or which remains unpaid at the end of any specified period provided by contract must be added to the principal amount of the debt and must thereafter accumulate interest.
Terms Used In North Dakota Code 13-01.1-03
- Contract: A legal written agreement that becomes binding when signed.