Consumer Credit Regulation: N.D. Cent. Code §§ 51-13-01 to 51-13-08 (Retail Installment Sales Act).
Scope: Installment sales of personal property not for purpose of resale by a retail seller to a retail buyer. § 51-13-01. The Act does not apply if the cash price of the personal property exceeds $25,000 or if the personal property is to be used primarily for a business, commercial or agricultural purpose rather than a personal, family, or household purpose. § 51-13-06.2.
Licensure requirements: None.
Credit terms: No maximum rate specified. § 51-13-03.
Restrictions on points or prepaid interest: None.