North Dakota Payday Loan Laws and Legislation
Payday loan business is thriving in North Dakota. You can always visit 4paydayloan.com and choose the options available. The whole process can be done online. The sum you request will be transferred to your account during the day and you will get the access to the funds. Whatever your case is, we will help you with our payday loans. So, don't worry and start applying now.
The laws in North Dakota are similar to the laws regarding payday loans in many US states. The difference here is that in the state of North Dakota a client has the right to keep a loan for 60 days, and the limit in other states is 30 days. Borrowers can take maximum $600, but there is no limit on minimum sum. The state sets a restriction on the APR which should not exceed 520%. Lending companies operating in North Dakota can charge percentage rates which equal 20%, which means that customers should pay $20 on each $100 borrowed.
There are 76 lending companies providing payday cash advances in North Dakota. This number though might be higher as the industry is growing fast.
Any citizen of the US can use our company to get a payday cash advance when unexpected situations arise and there is a need for money. Our company's main goal is to give you the cash you badly need. Visit loansdale.com and fill in an application form to get the instant approval. All the information is kept private. The whole process takes several minutes.
As a matter of fact there is a set of regulations imposed on lending companies in North Dakota and it is named Deferred Deposit Loan Act. The act states that the maximum loan term is 40 days. According to the law borrowers in the state of North Dakota cannot take over $500 for one loan.
Every client who gets a loan in North Dakota should also get a written agreement. The agreement should contain the customer's name; the rates charged, the date when the loan was deposited, the loan sum, and the APR. The borrower should get the document stating all the charges and fees; all the amounts should be listed in US dollars.
Lenders in North Dakota can charge additional fees, although these fees should not exceed 20% on $300 borrowed. If the sum of a loan is over $300, then the finance charge can be higher than the original 7.5 %.
The client has the right to pay the loan back by 5 p.m. of the day after applying for this loan. It is prohibited in North Dakota for lenders to file charges in a court to return the funds if a customer doesn't repay the loan or defaults on the cash advance.
Loan charges may be filed in case the client closes his or her bank account or if a borrower passes a check being aware of the fact that there is no money.
Payday Loans Offered: Yes
Max Loan Amount: $500
Loan Term: Not to exceed 60 days.
State Regulator Information:
North Dakota Department of Financial Institutions
2000 Schafer Street, Suite G
Bismarck, ND 58501
Phone: (701) 328-9933
Disclamer: 4paydayloan.com is not a lender and does not broker loans. This website collects information which you provide and then forwards it to one more or lenders in our network. Individual lenders make the loan approval decision and determine the terms and conditions of each loan agreement.
4paydayloan.com may share the information which you provide at any step of the application process with third parties, including members of its lender network and other third party lenders with whom it has a marketing relationship.Payday lenders may perform routine credit checks and will normally verify all of the information which you supply on the application.
Submission of personal information is strictly voluntary and does not guarantee that you will be matched with a payday lender or will receive a payday loan. Not everyone will qualify for a payday loan.Not all lenders are able to provide the maximum amount of 1000$ in cash funds.
Cash transfer times vary among the different lenders and not all offer one hour transfer service.Payday loans are not available in all 50 states and the list of participating states may change at any time and without notice.