North Dakota Code 47-14-08 – Interest on loans may be deducted in advance – Limitation
Current as of: 2023 | Check for updates
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The interest which would become due at the end of the term for which a loan is made, not exceeding one year‘s interest in all, may be deducted from the loan in advance if the parties thus agree.
Terms Used In North Dakota Code 47-14-08
- year: means twelve consecutive months. See North Dakota Code 1-01-33