The Fee Structure
North Dakota caps payday loan fees at up to 20% of the amount advanced, with no additional add-on lender fees beyond a pass-through database registration cost. On a $100 loan, for example, the maximum fee is $20. Lenders must be licensed as Deferred Presentment Service Providers through the Department of Financial Institutions.
Loan and Renewal Limits
A licensee can't extend a transaction once a customer's aggregate outstanding obligations exceed $600, with cash advances typically capped near $500. Total deferral, including one renewal, can't exceed 60 days, and any renewal must run at least 15 days — only one renewal is allowed per loan.
Cooling-Off Period
A three-business-day cooling-off period applies before a borrower can take out a new consecutive loan, a real gap intended to prevent immediate back-to-back borrowing once one loan closes out.
| Factor | North Dakota Rule |
|---|---|
| Fee cap | 20% of amount advanced |
| Aggregate outstanding limit | $600 |
| Renewals | 1 permitted, total deferral ≤60 days |
| Cooling-off period | 3 business days |
Because North Dakota tracks aggregate outstanding obligations across loans, keeping your total balance under the $600 ceiling — rather than treating each loan as separate — is worth planning around.
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